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LONG-TERM DEBT (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of long-term debt | Long-term debt consists of the following as of December 31:
(in thousands) |  | 2023 |  | 2022
Senior secured term loans |  | $ | 224,085 |  |  | $ | 247,204 |
Less: Debt issuance and amendment costs, net |  | (3,318) |  |  | (878) |
Less: Unamortized discount, net |  | (5,152) |  |  | (833) |
Net Senior secured term loans |  | 215,615 |  |  | 245,493 |
Total Long-term debt |  | $ | 215,615 |  |  | $ | 245,493 |
Schedule of maturities of long-term debt | As of December 31, 2023, maturities of our long-term debt are as follows:
(in thousands) |  | Maturities
2024 |  | $ | — |
2025 |  | 224,085 |
|  | $ | 224,085 |
Schedule of debt | The PIK component of the interest rate was 3.75% for the six months ended December 31, 2023 and 4.50% for the three months ended June 30, 2023. The interest rate as of December 31, 2023, including the PIK component, was 14.24%.
Aggregate Paydowns | PIK Component of Interest Rate
Less than $20 million | 5.00%
$20 million+ but less than below | 4.50%
$30 million+ but less than below | 3.75%
$40 million+ but less than below | 3.50%
$45 million+ but less than below | 3.00%
$50 million+ but less than below | 2.50%
$55 million+ but less than below | 2.00%
$60 million+ but less than below | 1.00%
$65 million+ but less than below | 0.50%
$70 million+ | 0.00%

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