Debt (Tables)

12 Months Ended

Dec. 31, 2024

Summary of Components of Interest Expense

The following details the components of interest expense in each of the years ended December 31, 2024, 2023 and 2022:


	Year ended December 31,
(in thousands)	2024		2023		2022
	(Restated)		(Restated)		(Restated)
Interest on credit facilities	$	38,985	$	37,269	$	13,842
Interest on Senior Notes	67,500		67,500		67,500
Unused fee on Revolving Credit Facility	1,840		1,998		1,913


Other interest expense (1)	16,522		5,076		2,053
Interest income	(2,045)		(1,951)		(49)
Interest expense, net	$	122,802	$	109,892	$	85,259

Schedule of Long-term Debt Instruments

The following table provides the Company’s outstanding long-term debt and effective interest rates at December 31, 2024, December 31, 2023 and December 31, 2022 (in thousands):


	December 31, 2024			December 31, 2023			December 31, 2022

	Effective Interest Rate	Amount		Effective Interest Rate	Amount		Effective Interest Rate	Amount
2029 Senior Notes	5.25%	$	1,000,000	5.25%	$	1,000,000	5.25%	$	1,000,000
2032 Senior Notes	5.00%	300,000		5.00%	300,000		5.00%	300,000
2022 Term Loan	7.60%	375,000		7.50%	385,000		5.20%	395,000
2022 Revolving Credit Facility	7.62%	110,000			—		5.98%	155,000
Unamortized premiums and debt issuance costs		(10,710)			(13,121)			(15,532)
Total debt		$	1,774,290		$	1,671,879		$	1,834,468
Less: Current portion, term loan facilities		(1,774,290)			(1,671,879)			(10,000)
Long-term debt		$	—		$	—		$	1,824,468

The following table summarizes debt issuance costs at December 31, 2024, December 31, 2023 and December 31, 2022, and the balance sheet classification in each of the periods presents (in thousands):


	December 31,
	2024		2023		2022
Deferred debt issuance costs	$	32,526	$	32,526	$	32,526
Accumulated amortization	(17,797)		(13,779)		(9,760)
Deferred debt issuance costs, net	$	14,729	$	18,747	$	22,766

Balance sheet classification:
Other noncurrent assets	$	4,019	$	5,626	$	7,234
Long-term debt	10,710		13,121		15,532
	$	14,729	$	18,747	$	22,766

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

Compass Diversified Holdings 10-K/A