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Long-term debt | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Long-term debt | 12. Long-term debt:
Term loan facility | Maturity date | Interest rate | June 30, 2025 |  | December 31, 2024
EDC | September 15, 2026 | U.S. Prime Rate plus 2.01% | $ | 4,882 |  |  | $ | 6,837 |
Current portion |  |  | 3,905 |  |  | 3,905 |
Long-term portion |  |  | 977 |  |  | 2,932 |
Term loan facilities, net of debt issuance costs |  | $ | 4,882 |  |  | $ | 6,837 |
On December 13, 2021, the credit facility and non-revolving term facility with EDC were refinanced into one $20,000 term loan, with quarterly principal and interest payments. On May 31, 2024, the Company amended the loan agreement with EDC to permit the asset transfer of certain property, plant, and equipment previously pledged to the loan into Cespira, removal of Fuel System Solutions Inc. as a borrower, added Westport Fuel Systems Canada Inc. as a borrower and modified the securities pledged to the loan. The loan is secured by share pledges in the Company's equity interest in Cespira. Throughout the term of certain of these financing arrangements, the Company is required to meet certain financial and non-financial covenants. As at June 30, 2025, the Company is in compliance with all covenants under the financing arrangements. The principal repayment schedule of long-term debt is as follows as at June 30, 2025:
|  | Term loan facility |  |  |  |  |  |  |  |  |  |
Remainder of 2025 |  | $ | 1,953 |  |  |  |  |  |  |  |  |  |  |
2026 |  | 2,929 |  |  |  |  |  |  |  |  |  |  |
|  | $ | 4,882 |  |  |  |  |  |  |  |  |  |  |

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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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