Debt (Tables)

6 Months Ended

Jun. 30, 2025

The Company's debt consisted of the following (in thousands):


	June 30, 2025		December 31, 2024		Weighted Average Interest Rate	Final Maturity
Senior Secured Notes	$	156,517	$	156,517	7.875%	December 2028
ABL Borrowings	—		—		Varies(1)	December 2026
Debt discount	(2,592)		(2,905)
Total debt	153,925		153,612
Less: current debt	—		—
Total long-term debt	$	153,925	$	153,612

(1) Borrowings under the ABL Facility bear interest at a rate equal to Secured Overnight Financing Rate ("SOFR") ranging from 1.5% to 2.0%, plus a credit adjustment spread, ranging currently from 0.11448% to 0.42826%, or an alternate base rate plus an applicable margin, which is determined based on the average availability of the commitments under the ABL Facility, ranging from 0.5% to 1.0%.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details