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Debt Obligations (Tables)

6 Months Ended

Jun. 30, 2023

The following table sets forth the Company's outstanding debt obligations as of June 30, 2023 and December 31, 2022:


(in thousands)	Maturity	Interest Rate		June 30, 2023		December 31, 2022
Term Loan(1)	March 1, 2026	SOFR +	8.5%	$	376,868	$	429,368
ABL Facility (Seventh Amendment)(2)	March 1, 2026	Adjusted Daily Simple SOFR +	3.0%	68,278		54,554
Unamortized original issue discount and debt issuance costs				(11,689)		(14,112)
Total debt obligations				$	433,457	$	469,810
Current portion of Term Loan				(70,000)		(70,000)
Total long-term debt obligations				$	363,457	$	399,810

(1) Effective June 30, 2023, the Company's Term Loan amendment replaced the LIBOR benchmark with a Secured Overnight Financing Rate (“SOFR”) based benchmark.

(2) Effective June 1, 2023, the Company's ABL Facility amendment replaced the LIBOR benchmark with a SOFR based benchmark.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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