v3.25.4
Financial Instruments and Fair Value Measurement (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Estimated Fair Values of the Outstanding Debt

The estimated fair values of the Company’s outstanding debt under the fair value hierarchy as of December 31, 2025 and December 31, 2024 were as follows:

 

 

Fair value measurements as of

 

 

 

 

 

December 31, 2025 using:

 

 

Description

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Revolving credit facilities

 

$

—

 

 

$

295,683

 

 

$

—

 

 

$

295,683

 

Senior notes

 

 

—

 

 

 

868,137

 

 

 

—

 

 

 

868,137

 

 

 

$

—

 

 

$

1,163,820

 

 

$

—

 

 

$

1,163,820

 

 

 

 

Fair value measurements as of

 

 

 

 

 

December 31, 2024 using:

 

 

Description

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Revolving credit facilities

 

$

—

 

 

$

169,169

 

 

$

—

 

 

$

169,169

 

Senior notes

 

 

—

 

 

 

1,186,921

 

 

 

—

 

 

 

1,186,921

 

 

 

$

—

 

 

$

1,356,090

 

 

$

—

 

 

$

1,356,090