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Debt and Liquidity | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Debt and Liquidity | Debt and Liquidity The following table presents our long-term debt:
| June 30, 2025 |  | December 31, 2024
| (Dollars in thousands)
Initial First Lien Term Loans due 2029 | 175,000 |  |  | 175,000 |
Existing 4.625% Senior Notes due 2028 | 1,755 |  |  | 1,755 |
New 4.625% Second Lien Notes due 2029 | 498,245 |  |  | 498,245 |
Existing 9.875% Senior Notes due 2028 | 3,833 |  |  | 3,833 |
New 9.875% Second Lien Notes due 2029 | 446,167 |  |  | 446,167 |
Unamortized debt discount and issuance costs | (34,189) |  |  | (38,085) |
Total long-term debt | $ | 1,090,811 |  |  | $ | 1,086,915 |
The fair value of our debt was approximately $875.6 million and $905.8 million as of June 30, 2025 and December 31, 2024, respectively. The fair values were determined using Level 1 quoted market prices for the same or similar debt instruments. Initial First Lien Term Loan Facility; Delayed Draw First Lien Term Loan Facility As of June 30, 2025 and December 31, 2024, we did not have any borrowings under our Delayed Draw First Lien Term Loan Facility, with $100 million available as of the end of each period. 2018 Term Loan and 2018 Revolving Credit Facility As of June 30, 2025 and December 31, 2024, the availability under our 2018 Revolving Credit Facility was $108.0 million. As any borrowings under the 2018 Revolving Credit Facility remain subject to compliance with the financial covenant thereunder, our operating performance as of June 30, 2025 and December 31, 2024 resulted in our inability to access the full amount of commitments under the facility. As of June 30, 2025 and December 31, 2024, there were no borrowings outstanding on the 2018 Revolving Credit Facility and there was $7.4 million of letters of credit drawn against the 2018 Revolving Credit Facility. As of June 30, 2025 and December 31, 2024, there were no outstanding term loans under the 2018 Term Loan Facility. We were in compliance with all of our debt covenants as of June 30, 2025 and December 31, 2024.

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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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