Debt (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedules of Debt Components and Covenants

Our debt consists of the following ($ in thousands):

			Outstanding Balance as of
	Interest Rate	Maturity Date	June 30, 2024		December 31, 2023
Senior Secured Credit Facilities
Revolving Credit Facility (1)	SOFR + 3.50%	January 5, 2028	$	—	$	—
Term Loan due 2029 (2)	SOFR + 2.75%	January 5, 2029	1,083,500		1,089,000
Total Senior Secured Credit Facilities (at stated value)			1,083,500		1,089,000
Unamortized discount			(23,309)		(26,466)
Unamortized debt issuance costs			(5,633)		(6,380)
Total Senior Secured Credit Facilities, net			$	1,054,558	$	1,056,154
Finance lease obligations			$	19,106	$	5,222
Total debt, net			$	1,073,664	$	1,061,376

________

(1)We had an available balance on our Revolving Credit Facility of $225.0 million as of June 30, 2024 and December 31, 2023.

(2)The effective interest rate for the Term Loan due 2029 was 8.09% and 8.59% as of June 30, 2024 and December 31, 2023, respectively.

A summary of our applicable covenants and restrictions is as follows:

Debt	Covenant Terms
Senior Secured Credit Facility	We are subject to a total net leverage ratio of 5.20x if we have more than 35% drawn on the Revolving Credit Facility.