Long-Term Debt (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Debt Instrument [Line Items] |
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| Schedule of outstanding long-term debt |
| | | | | | | | | | | | June 30, | | December 31, | | June 30, | ($ in thousands) | | 2026 | | 2025 | | 2025 | Term Loan Facility (1) | | $ | 1,286,597 | | $ | 1,308,832 | | $ | 1,330,401 | Real Estate Facilities (2) | | | 111,281 | | | 155,137 | | | 168,332 | Other Long-Term Debt | | | 7,417 | | | 7,588 | | | 7,760 | Subtotal | | | 1,405,295 | | | 1,471,557 | | | 1,506,493 | Less: current portion | | | (27,792) | | | (57,939) | | | (23,023) | Total | | $ | 1,377,503 | | $ | 1,413,618 | | $ | 1,483,470 | | | | | | | | | | |
| (1) | Net of $5.6 million, $7.0 million, and $8.3 million of original issue discount as of June 30, 2026, December 31, 2025, and June 30, 2025, respectively, and $2.0 million, $2.6 million, and $3.2 million of finance costs as of June 30, 2026, December 31, 2025, and June 30, 2025, respectively. |
| (2) | Net of $1.5 million, $2.0 million, and $2.5 million of finance costs as of June 30, 2026, December 31, 2025, and June 30, 2025, respectively. |
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| Term Loan Facility |
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| Debt Instrument [Line Items] |
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| Schedule of outstanding amounts and available borrowings |
| | | | | | | | | | | | June 30, | | December 31, | | June 30, | ($ in thousands) | | 2026 | | 2025 | | 2025 | Senior Secured Credit Facilities: | | | | | | | | | | Term Loan Facility: | | | | | | | | | | Principal amount of borrowings | | $ | 1,400,000 | | $ | 1,400,000 | | $ | 1,400,000 | Less: cumulative principal payments | | | (105,772) | | | (81,564) | | | (58,057) | Less: unamortized original issue discount | | | (5,623) | | | (6,993) | | | (8,329) | Less: unamortized finance costs | | | (2,008) | | | (2,611) | | | (3,213) | | | | 1,286,597 | | | 1,308,832 | | | 1,330,401 | Less: current portion | | | (14,015) | | | (14,015) | | | (14,015) | Long-term debt, net of current portion | | $ | 1,272,582 | | $ | 1,294,817 | | $ | 1,316,386 | Revolving Credit Facility: | | | | | | | | | | Total commitment | | $ | 65,000 | | $ | 65,000 | | $ | 65,000 | Less: outstanding letters of credit | | | (4,902) | | | (4,902) | | | (4,902) | Less: total net leverage ratio borrowing limitation | | | (37,348) | | | (37,348) | | | (37,348) | Additional borrowing capacity | | $ | 22,750 | | $ | 22,750 | | $ | 22,750 | | | | | | | | | | |
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| Real Estate Facilities |
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| Debt Instrument [Line Items] |
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| Schedule of outstanding amounts and available borrowings |
| | | | | | | | | | | | As of June 30, 2026 | | | | | Remaining | | Wtd. Average | ($ in thousands) | | Outstanding(1) | | Available(2) | | Interest Rate | Real Estate Facilities | | | | | | | | | | M&T Real Estate Facility | | $ | 108,322 | | $ | 57,390 | (3) | | 6.04% | First CIBC Real Estate Facility | | | 2,959 | | | — | | | 6.63% | | | $ | 111,281 | | $ | 57,390 | | | | | | | | | | | | | |
| (1) | Outstanding principal amounts are net of unamortized finance costs. |
| (2) | Amounts cannot be reborrowed. |
| (3) | Additional borrowings on the M&T Real Estate Facility are subject to a debt service coverage ratio covenant and to the property collateral requirements under the M&T Real Estate Facility. |
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