v3.24.2.u1
Debt (Tables)
6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Summary of Components of Debt

Debt consists of the following (in thousands):

 

 

 

June 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

 2023 Term Loan Credit Facility

 

$

180,000

 

 

$

180,000

 

ADDT Loan

 

 

144,402

 

 

 

—

 

2023 ABL Credit Facility

 

 

50,000

 

 

 

—

 

Deferred Cash Consideration Note

 

 

111,828

 

 

 

—

 

Other indebtedness

 

 

4,134

 

 

 

—

 

Less: Debt discount, net of accumulated amortization of $1,953 and $480, respectively

 

 

(11,435

)

 

 

(6,769

)

Less: Deferred financing fees, net of accumulated amortization of $124 and $29, respectively

 

 

(926

)

 

 

(411

)

Less: Current portion (a)

 

 

(30,553

)

 

 

—

 

Long-term debt

 

$

447,450

 

 

$

172,820

 

(a) The current portion of long-term debt reflects payments based on the terms of the 2023 Term Loan Credit Facility, the ADDT Loan, and Other Indebtedness.