The Company's debt consists of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2025 | | Fiscal Year | | Balance at
September 30, 2025 | | Balance at
June 30, 2025 | | | | | | 2025 | | | | | | | | | | | | | | | | | (Average cash interest rate %) | | (Dollars in thousands) | | | | | | | | | | | | | Term loan (1) | | 8.80% | | 9.14% | | $ | 117,035 | | | $ | 118,875 | | | | Paid-in-kind interest | | | | | | 6,780 | | | 5,376 | | | | Deferred financing fees | | | | | | (11,420) | | | (12,174) | | | | Term loan, net | | | | | | 112,395 | | | 112,077 | | | | Revolving credit facility (1) | | 8.80% | | 9.14% | | 1,030 | | | 1,030 | | | | Fair value of warrants issued to lenders | | | | | | (2,170) | | | (2,314) | | | | Total debt, net | | | | | | 111,255 | | | 110,793 | | | | Less: long-term debt, current portion | | | | | | (1,650) | | | (1,100) | | | | Total long-term debt, net | | | | | | $ | 109,605 | | | $ | 109,693 | | |
_______________________________________________________________________________ (1)The term loan and revolving credit facility mature on June 24, 2029. The interest rate applicable to any letter of credit is 5.25% and paid currently in cash.
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