Debt

9 Months Ended

Sep. 30, 2023

Debt [Abstract]

DEBT

5. DEBT.

Long-term borrowings are summarized as follows (in thousands):

	September 30, 2023			December 31, 2022
Kinergy line of credit	$	24,923		$	18,076
Orion term loan		60,000			60,000
		84,923			78,076
Less unamortized debt discount		(4,095	)		(4,686	)
Less unamortized debt financing costs		(4,950	)		(5,034	)
Less current portion		—			—
Long-term debt	$	75,878		$	68,356

Excess Availability – As of September 30, 2023, the Company had $53.4 million in unused borrowing availability under Kinergy’s line of credit and $40.0 million available under the Orion term loan. The Company also has an option to expand the Orion term loan by up to $25.0 million upon the satisfaction of certain conditions.