XML 43 R33.htm IDEA: XBRL DOCUMENT v3.25.3
Debt, Net (Tables)
 9 Months Ended
Sep. 30, 2025
Debt Instrument [Line Items]  
Summary of Debt, Net

 

 

As of September 30, 2025

 

(in thousands, except interest rate)

 

Note

 

Maturity

 

Interest Rate

 

 

 

Revolving Credit Facility

 

(a)

 

3-Oct-2027

 

SOFR + 1.20% *

 

$

108,500

 

Term Loan

 

(b)

 

3-Oct-2027

 

SOFR + 1.20% *

 

 

200,000

 

Unamortized financing transaction costs, Term Loan

 

 

 

 

 

 

 

 

(1,429

)

 

 

 

 

 

 

 

$

307,071

 

* The approximate SOFR rate at September 30, 2025 was 4.24%.

 

 

 

As of December 31, 2024

 

(in thousands, except interest rate)

 

Note

 

Maturity

 

Interest Rate

 

 

 

Revolving Credit Facility

 

(a)

 

3-Oct-2027

 

Adjusted SOFR + 1.20% **

 

$

68,500

 

Term Loan

 

(b)

 

3-Oct-2027

 

Adjusted SOFR + 1.20% **

 

 

200,000

 

Unamortized financing transaction costs, Term Loan

 

 

 

 

 

 

 

 

(1,962

)

 

 

 

 

 

 

 

$

266,538

 

** The approximate SOFR rate at December 31, 2024 was 4.37%, plus a 10 basis point adjustment (“Adjusted SOFR”).

Summary of Aggregate Principal Repayment of Debt

The aggregate principal repayment of the Company’s debt, excluding the unamortized financing transaction costs of $1.4 million, due in each of the years under the remaining term, are as follows:

(in thousands)

 

 

 

 

 

 

 

September 30, 2025

 

Remainder of 2025

 

$

—

 

2026

 

 

—

 

2027

 

 

308,500