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Long-term debt | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Long-term debt | 5. Long-term debt The carrying values of the Company's outstanding debt obligations as of March 31, 2025, and December 31, 2024, were as follows:
(U.S. Dollars, in thousands) |  | March 31, 2025 |  |  | December 31, 2024 |
|  | (Unaudited) |  |  |  |
Outstanding Term Loans |  |  |  |  |  |
Principal amount |  | $ | 160,000 |  |  | $ | 160,000 |
Unamortized original debt discount |  |  | (2,205 | ) |  |  | (2,327 | )
Unamortized debt issuance costs and lenders fees |  |  | (910 | ) |  |  | (658 | )
Total indebtedness from outstanding term loans |  |  | 156,885 |  |  |  | 157,015 |
Revolving Credit Facilities |  |  |  |  |  |
Principal amount outstanding |  |  | — |  |  |  | — |
Total indebtedness outstanding |  | $ | 156,885 |  |  | $ | 157,015 |
Current portion of long-term debt |  | $ | — |  |  | $ | — |
Long-term debt |  |  | 156,885 |  |  |  | 157,015 |
Total indebtedness outstanding |  | $ | 156,885 |  |  | $ | 157,015 |
On November 7, 2024, the Company, as borrower, and its U.S. subsidiaries entered into a $275.0 million secured credit agreement (the "Credit Agreement") with Oxford Finance LLC, as administrative agent and as collateral agent ("Oxford") and certain lenders party thereto, including Oxford, K2 HealthVentures LLC, and HSBC Ventures USA Inc. The Credit Agreement contains financial covenants requiring the Company to maintain (i) a minimum level of liquidity at all times and (ii) a maximum total debt-to-EBITDA leverage ratio (measured on a quarterly basis) during the term of the facility. As of March 31, 2025, the Company was in compliance with all required financial covenants. As of March 31, 2025, the Company had no borrowings on its available lines of credit in Italy, which provide up to an aggregate amount of €5.5 million ($5.9 million).

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
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