v3.25.4
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Summary of Long Term Debt

Long-term debt as December 31, 2025 and 2024, consists of the following (in thousands):

 

December 31,

 

 

2025

 

 

2024

 

Term Loan

$

1,290,990

 

 

$

776,000

 

Term Loan—discount

 

(1,022

)

 

 

(1,175

)

Term Loan—deferred financing fees

 

(11,994

)

 

 

(5,772

)

           Term Loan—Net of discount and fees

 

1,277,974

 

 

 

769,053

 

Less: Current portion

 

(13,033

)

 

 

(8,000

)

           Total long-term debt—Net of current portion

$

1,264,941

 

 

$

761,053

 
Summary of Debt Deferred Financing Fees and Discount

The table below is a roll forward of the Company’s contra debt deferred financing fees and discount and deferred financing fees asset balances (in thousands):

 

Deferred

 

 

Discount—

 

 

Financing

 

 

Contra

 

 

Fees

 

 

Debt

 

Balance—December 31, 2023

$

8,732

 

 

$

1,436

 

  Payment of fees associated with revolver modification

 

719

 

 

 

—

 

  Amortization of fees and discount

 

(1,871

)

 

 

(261

)

Balance—December 31, 2024

 

7,580

 

 

 

1,175

 

  Payment of fees associated with debt refinancing

 

7,734

 

 

 

—

 

  Amortization of fees and discount

 

(1,887

)

 

 

(153

)

Balance—December 31, 2025

$

13,427

 

 

$

1,022

 
Summary of Aggregate Maturities of Our Long-Term Debt

Scheduled Payments for Debt—Principal amounts due in each of the next five years, as of December 31, 2025, are as follows (in thousands):

Years Ending December 31:

 

 

2026

$

13,033

 

2027

 

13,033

 

2028

 

13,033

 

2029

 

13,033

 

2030

 

1,238,858

 

Total

$

1,290,990