Annual report [Section 13 and 15(d), not S-K Item 405]

LONG-TERM DEBT AND OTHER BORROWINGS, NET (Tables)

v3.25.1
LONG-TERM DEBT AND OTHER BORROWINGS, NET (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
The table below sets forth a summary of the Company’s outstanding long-term debt as of December 31, 2024 and December 31, 2023:

December 31,
(in thousands) 2024 2023
Term Loan - WhiteHorse $ 183,150  $ 185,000 
Backstop Notes 120,000  120,000 
Other borrowings —  561 
Total $ 303,150  $ 305,561 
Less: current portion of long-term debt (1,850) (2,411)
Less: debt issuance costs, net of accumulated amortization of $1.4 million and $0.8 million, respectively
 (2,349) (2,911)
Less: original issue discount on Term Loan - WhiteHorse (3,290) (4,130)
Total Long-term debt and other borrowings, net $ 295,661  $ 296,109 
Schedule of Maturities of Long-term Debt
The table below sets forth the future principal repayments on all long-term debt as of December 31, 2024:

(in thousands) Principal Repayment
2025 $ 1,850 
2026 1,850 
2027 1,850 
2028 297,600 
Total $ 303,150