The Company's long-term debt and short-term debt as of June 30, 2025 and December 31, 2024 consisted of the following (in thousands). See related interest rates, pay-in-kind ("PIK") balances and other relevant details for each debt facility in the accompanying paragraphs below the tables.


As of June 30, 2025
Debt Facility	Date of Issuance	Date of Maturity	Principal Issued		Principal Reduction		Current Portion		PIK Costs/ Interest(1)		Principal Outstanding
Long-term debt
2029 Notes	8/24/2021	10/1/2029	$	500,000	$	(271,165)	$	—	$	—	$	228,835
Second Lien Notes(2)	3/7/2025	10/1/2029	301,165		—		—		15,058		316,223
Term Loan Facility(3)	7/1/2024	7/1/2031	525,000		(5,250)		(5,250)		2,490		516,990
Total long-term debt											1,062,048
Debt issuance costs, net											(29,637)
Total long-term debt, net											$	1,032,411

Revolving Credit Facility(4)	2/3/2022	2/3/2027	$	—	$	—	$	269,000	$	1,686	$	270,686

Short-term debt
Current Term Loan Facility(5)	7/1/2024	7/1/2031	$	—	$	—	$	5,250	$	—	$	5,250
Incremental Term Loan	1/9/2025	1/10/2026	75,000		—		—		3,750		78,750
Total short-term debt											84,000
Debt issuance costs, net											(6,874)
Total short-term debt, net											$	77,126


As of December 31, 2024
Debt Facility	Date of Issuance	Date of Maturity	Principal Issued		Principal Reduction		Current Portion		PIK Costs/ Interest(1)		Principal Outstanding
Long-term debt
2029 Notes	8/24/2021	10/1/2029	$	500,000	$	—	$	—	$	—	$	500,000
Term Loan Facility(3)	7/1/2024	7/1/2031	525,000		(2,625)		(5,250)		—		517,125
Total long-term debt											1,017,125
Debt issuance costs, net											(30,689)
Total long-term debt, net											$	986,436

Revolving Credit Facility(4)	2/3/2022	2/3/2027	$	—	$	—	$	269,000	$	—	$	269,000

Short-term debt
Current Term Loan Facility(5)	7/1/2024	7/1/2031	$	—	$	—	$	5,250	$	—	$	5,250
Total short-term debt											5,250
Debt issuance costs, net											—
Total short-term debt, net											$	5,250

(1) Pursuant to the Fifth Amendment to the Credit Agreement, the Company incurred a 0.50% Consent Fee on the outstanding commitments of the consenting lenders for both its Revolving Credit Facility and its Term Loan Facility for $1.7 million and $2.5 million, respectively. The Company also incurred a 5.00% Backstop Fee on the outstanding Incremental Term Loan for $3.8 million. The Consent Fees and the Backstop Fee are payable in kind and were added to the outstanding principal balance of the respective facility. The Company elected to PIK the interest on the Consent Fee on the Revolving Credit Facility, which accrues interest at a rate of SOFR + 4.25%.

(2) $251.0 million of Second Lien Notes were issued on March 7, 2025 and an additional $50.2 million of Second Lien Notes were issued on March 14, 2025 after receiving shareholder approval at the Special Meeting. See additional details in the Senior Unsecured Notes and Second Lien Notes section below.

(3) The Term Loan Facility matures on the earlier of (a) July 1, 2031 and (b) July 2, 2029 if any of the Company's 2029 Notes (as defined below) remain outstanding on that date.

(4) The Revolving Credit Facility matures on February 3, 2027, and pursuant to Amendment No. 3 (the "Third Amendment") to the Credit Agreement, the Company extended the maturity date covering $255.0 million in the aggregate principal amount of the commitments under the Revolving Credit Facility with respect to the lenders identified in the Third Amendment to February 3, 2028.

(5) The Term Loan Facility requires principal payments of $1.3 million on a quarterly basis and accordingly, a portion of the Term Loan Facility in the amount of $5.3 million is classified as a current liability within the "Short-term debt" line item on the unaudited condensed balance sheets as of June 30, 2025 and December 31, 2024, respectively.