Quarterly report [Sections 13 or 15(d)]

DEBT AND FINANCING LEASE LIABILITIES (Tables)

v3.26.1
DEBT AND FINANCING LEASE LIABILITIES (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Summary of Debt and Financing Lease Liabilities
Our debt and financing lease liabilities are comprised of the following:
March 31, 2026
December 31, 2025
Senior secured corporate revolving credit facility (1)
$
150,000 
$
150,000 
Senior secured corporate term loans (2)
138,750 
95,000 
Second lien corporate term loan (2)
100,000 
100,000 
Energy asset construction facilities (2)
388,516 
359,031 
Energy asset operating facilities (2)
856,464 
827,327 
Other financing facilities (3)
395,177 
393,414 
Financing lease liabilities (4)
12,046 
12,082 
Total debt and financing lease liabilities
2,040,953 
1,936,831 
Less: current maturities
162,176 
132,125 
Less: unamortized discount and debt issuance costs
54,246 
54,998 
Long-term debt and financing lease liabilities, net of current portion, unamortized discount and debt issuance costs
$
1,824,531 
$
1,749,708 
    (1) At March 31, 2026, funds of $44,319 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.