Debt

3 Months Ended

Mar. 31, 2024

Debt [Abstract]

DEBT

5. DEBT.

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

	March 31, 2024			December 31, 2023
Kinergy line of credit	$	32,210		$	30,690
Orion term loan		60,000			60,000
		92,210			90,690
Less unamortized debt discount		(3,693	)		(3,893	)
Less unamortized debt financing costs		(4,448	)		(4,700	)
Less current portion		—			—
Long-term debt	$	84,069		$	82,097

Excess Availability – As of March 31, 2024, Kinergy had $25.9 million in unused borrowing availability under its line of credit and the Company had $65.0 million that may be available for capital improvement projects under its Orion term loan, subject to certain conditions.