| Schedule of Total Outstanding Debt |
The table below summarizes the total outstanding debt of the Company (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2025 |
|
|
December 31, 2024 |
|
|
|
Rate |
|
|
$ |
|
|
Rate |
|
|
$ |
|
First Lien Incremental Term Loan Tranche B-5 - payable to lenders at SOFR
plus applicable margin |
|
|
6.66 |
% |
|
$ |
2,527,638 |
|
|
|
6.86 |
% |
|
$ |
2,546,787 |
|
Revolving Credit Loans - payable to lenders at SOFR plus applicable margin |
|
|
6.91 |
% |
|
|
— |
|
|
|
7.61 |
% |
|
|
— |
|
Swingline/Base Rate - payable to lenders at ABR plus applicable margin |
|
|
9.25 |
% |
|
|
— |
|
|
|
9.75 |
% |
|
|
63,300 |
|
Amortizing Notes (1) |
|
|
|
|
|
37,181 |
|
|
|
|
|
|
53,804 |
|
Notes payable and other |
|
|
|
|
|
17,267 |
|
|
|
|
|
|
19,428 |
|
Total debt |
|
|
|
|
|
2,582,086 |
|
|
|
|
|
|
2,683,319 |
|
Less: debt issuance costs, net |
|
|
|
|
|
64,882 |
|
|
|
|
|
|
72,736 |
|
Total debt, net of debt issuance costs |
|
|
|
|
|
2,517,204 |
|
|
|
|
|
|
2,610,583 |
|
Less: current portion of long-term debt |
|
|
|
|
|
51,870 |
|
|
|
|
|
|
48,725 |
|
Total long-term debt, net of current portion |
|
|
|
|
$ |
2,465,334 |
|
|
|
|
|
$ |
2,561,858 |
|
(1)See Note 7 for discussion of Amortizing Notes.
|
| Schedule of Interest Rate Swap with Notional Value |
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|
Notional Amount as of |
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|
|
|
|
Financial Institution |
|
September 30, 2025 |
|
December 31, 2024 |
|
Effective Dates |
|
Fixed Rates |
|
Credit Suisse |
|
$ |
— |
|
|
|
$ |
500 |
|
million |
|
3-year period ending September 30, 2025 |
|
|
3.41650 |
% |
Morgan Stanley |
|
|
— |
|
|
|
|
1,050 |
|
million |
|
3-year period ending September 30, 2025 |
|
|
3.42000 |
% |
Credit Agricole Corporate and Investment Bank |
|
|
— |
|
|
|
|
450 |
|
million |
|
3-year period ending September 30, 2025 |
|
|
3.52410 |
% |
Matured contracts |
|
$ |
— |
|
|
|
$ |
2,000 |
|
million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Agricole Corporate and Investment Bank |
|
$ |
500 |
|
million |
|
$ |
— |
|
|
|
1-year period ending September 30, 2026 |
|
|
3.72500 |
% |
Mizuho Capital Markets |
|
|
500 |
|
million |
|
|
— |
|
|
|
1-year period ending September 30, 2026 |
|
|
3.61121 |
% |
Credit Agricole Corporate and Investment Bank |
|
|
250 |
|
million |
|
|
— |
|
|
|
3-year period ending September 30, 2028 |
|
|
3.33150 |
% |
Morgan Stanley |
|
|
250 |
|
million |
|
|
— |
|
|
|
3-year period ending September 30, 2028 |
|
|
3.17700 |
% |
Existing contracts |
|
$ |
1,500 |
|
million |
|
$ |
— |
|
|
|
|
|
|
|
|