Quarterly report [Sections 13 or 15(d)]

DEBT AND FINANCING LEASE LIABILITIES (Tables)

v3.25.1
DEBT AND FINANCING LEASE LIABILITIES (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Summary of Debt and Financing Lease Liabilities
Our debt and financing lease liabilities are comprised of the following:
March 31, 2025 December 31, 2024
Senior secured corporate revolving credit facility (1)
$ 78,000  $ 135,000 
Senior secured corporate term loans 98,750  13,000 
Second lien corporate term loan 100,000  100,000 
Energy asset construction facilities (2)
416,459  339,209 
Energy asset operating facilities (2)
657,206  674,704 
Other financing facilities (3)
395,924  399,370 
Financing lease liabilities (4)
12,870  12,904 
Total debt and financing lease liabilities 1,759,209  1,674,187 
Less: current maturities 149,298  149,363 
Less: unamortized discount and debt issuance costs 42,438  40,924 
Long-term debt and financing lease liabilities, net of current portion, unamortized discount and debt issuance costs $ 1,567,473  $ 1,483,900 
(1) At March 31, 2025, funds of $24,649 were available for borrowing under this facility.
(2) Most of these agreements are now using the Secured Overnight Financing Rate (“SOFR”) as the primary reference rate used to calculate interest.
(3) These facilities are accounted for as failed sale-leasebacks and are classified as long-term financing facilities. See Note 7 for additional disclosures.
(4) Financing lease liabilities are sale-leaseback arrangements under previous guidance. See Note 7 for additional disclosures.