The Company's long-term debt and short-term debt as of September 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.

Since the filing of the Chapter 11 Cases on the Petition Date, the Company ceased accruing interest on all debt with the exception of the DIP Facility. As a result, the Company did not record approximately $23.6 million of interest expense related to the 2029 Senior Notes, Second Lien Notes, Term Loan Facility, Revolving Credit Facility and Incremental Term Loan as of September 30, 2025. In connection with the Chapter 11 Cases, $1,416.7 million outstanding under our pre-petition debt (which includes our 2029 Senior Notes, Second Lien Notes, Term Loan Facility Revolving Credit Facility, and Incremental Term Loan) was reclassified to "Liabilities subject to compromise" in the unaudited condensed consolidated balance sheets as of September 30, 2025 and the corresponding unamortized debt issuance costs of $38.3 million were expensed during the three and nine months ended September 30, 2025 to "Reorganization items, net" in the unaudited condensed consolidated statements of operations.


As of September 30, 2025
Debt Facility	Date of Issuance	Date of Maturity	Principal Issued		Principal Reduction		Current Portion		PIK Costs/ Interest(1)		Debt Subject to Compromise		Principal Outstanding
Pre-Petition Debt
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, net(6)													$	—

Revolving Credit Facility(4)	2/3/2022	2/3/2027	$	—	$	—	$	269,000	$	1,625	$	(270,625)	$	—

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, net(6)													$	—

Total debt subject to compromise											$	1,416,673	$	1,416,673

Post-Petition Debt
DIP Facility(7)	8/22/2025	2/22/2026	$	62,500	$	—	$	—	$	—	$	—	$	62,500


As of December 31, 2024
Debt Facility	Date of Issuance	Date of Maturity	Principal Issued		Principal Reduction		Current Portion		PIK Costs/ Interest(1)		Debt Subject to Compromise		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 Amendment No. 5 (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.

(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 December 31, 2024. As of September 30, 2025, this balance was classified as liabilities subject to compromise in connection with the Chapter 11 Cases.

(6) Pursuant to the Chapter 11 Cases, the value of unamortized debt issuance costs were expensed during the three and nine months ended September 30, 2025 to "Reorganization items, net" on the Company's unaudited condensed consolidated statement of operations.

(7) The DIP Facility matures on the earliest of (a) February 22, 2026 provided that such date may be extended to May 22, 2026 with the written consent of the Required Lenders following the request by the Borrower prior to January 31, 2026; (b) the effective date of a chapter 11 plan of any Debtor that has been confirmed by an order entered by the Bankruptcy Court, (c) dismissal of any of the Chapter 11 Cases or conversion of any of the Chapter 11 Cases into a case under Chapter 7 of the Bankruptcy Code, (d) the acceleration of the Term Loans (as defined in the DIP Credit Agreement) and the termination of all Commitments (as defined in the DIP Credit Agreement) and (e) the closing of a sale of all or substantially all assets or equity of the Loan Parties (other than to another Loan Party).