P3 Health Partners Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Debt (Tables)

12 Months Ended

Dec. 31, 2025

Long-term debt consisted of the following:


	December 31,
	2025		2024
	(in thousands)









Repurchase promissory note, interest paid at 11.0%, due June 2026	$	34,189	$	30,091
Term loan facility, interest paid at 15.0%, due September 2027	82,885		75,155
VGS 1 promissory note, interest paid at 13.5%, due June 2028	49,374		38,328
VGS 2 promissory note, interest paid at 17.5%, due September 2027	38,667		28,972
VGS 3 promissory note, interest paid at 19.5%, due June 2028	35,435		25,499
VGS 4 promissory note, interest paid at 19.5%, due August 2028	41,110		—
VGS 5 promissory note, interest paid at 19.5%, due August 2028	55,070		—
Long-term debt, gross	336,730		198,045
Less: unamortized debt issuance costs and original issue discount	(63,320)		(13,983)
	273,410		184,062
Less: current portion of long-term debt	(45,036)		(75,155)
Long-term debt, net	$	228,374	$	108,907

As of December 31, 2025, long-term debt maturities are as follows (in thousands):


2026	$	45,089
2027	110,652
2028	180,989

	336,730
Less: unamortized debt issuance costs, original issue discount, and back-end facility fees	(63,320)
	$	273,410