Annual report [Section 13 and 15(d), not S-K Item 405]

Debt (Tables)

v3.25.1
Debt (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt consisted of the following:
December 31,
2024 2023
(in thousands)
Repurchase Promissory Note $ 15,000  $ 15,000 
Term Loan Facility 65,000  65,000 
VGS 1 2024 Loan (2024) / VGS Promissory Note (2023) 38,057  29,102 
VGS 2 Promissory Note 25,375  — 
VGS 3 Promissory Note 25,375  — 
Long-term debt, gross 168,807  109,102 
Less: unamortized debt issuance costs and original issue discount (13,983) (783)
154,824  108,319 
Less: current portion of long-term debt (65,000) — 
Long-term debt, net $ 89,824  $ 108,319 
Contractual Obligation, Fiscal Year Maturity
As of December 31, 2024, long-term debt maturities are as follows (in thousands):
2025 $ 65,000 
2026 15,000 
2027 25,375 
2028 63,432 
168,807 
Less: unamortized debt issuance costs and original issue discount (13,983)
$ 154,824