Quarterly report [Sections 13 or 15(d)]

Debt (Tables)

v3.25.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Outstanding Debt The following table is a summary of the Company’s outstanding debt:
March 31, 2025
December 31, 2024
Term debt
7-year term loan facility, periodic interest and quarterly principal
payments, Adjusted Term SOFR + 2.25% as of March 31, 2025 and
December 31, 2024, matures September 13, 2031
$1,669,315
$1,672,532
Senior secured notes
8-year senior secured notes, semi-annual interest payments, 4.38%,
mature February 1, 2030
397,547
401,676
8-year senior secured notes, semi-annual interest payments, 5.88%,
mature August 1, 2032
1,190,525
1,198,183
Revolving debt
5-year revolving loan facility, periodic interest payments, Adjusted Term
SOFR + up to 2.50% as of March 31, 2025 and December 31, 2024, plus
commitment fees of 0.25%-0.50%, matures July 30, 2029
425,979
1,207
Premium financing notes
Commercial notes, periodic interest and principal payments, 6.25%,
expire May 1, 2025
674
2,673
Commercial notes, periodic interest and principal payments, 6.25%,
expire June 1, 2025
221
548
Commercial notes, periodic interest and principal payments, 6.25%,
expire June 21, 2025
1,331
2,642
Units subject to mandatory redemption
3,399
3,399
Total debt
$3,688,991
$3,282,860
Less: Short-term debt and current portion of long-term debt
(36,208)
(51,732)
Long-term debt
$3,652,783
$3,231,128