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

LONG-TERM DEBT, NET (Tables)

v3.26.1
LONG-TERM DEBT, NET (Tables)
 12 Months Ended
Dec. 31, 2025
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, 2025 and 2024:

December 31,
(in thousands) 2025 2024
Term Loan - WhiteHorse $ 181,300  $ 183,150 
Backstop Notes 120,000  120,000 
Total $ 301,300  $ 303,150 
Less: current portion of long-term debt (1,850) (1,850)
Less: debt issuance costs, net of accumulated amortization of $2.0 million and $1.4 million, respectively
 (1,763) (2,349)
Less: original issue discount (2,450) (3,290)
Total Long-term debt, net $ 295,237  $ 295,661 
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, 2025:

(in thousands) Principal Repayment
2026 $ 1,850 
2027 1,850 
2028 297,600 
Total $ 301,300