LONG-TERM DEBT, NET (Tables)

9 Months Ended

Jun. 30, 2025

A summary of long-term debt, net as of June 30, 2025 and September 30, 2024 is as follows:


		June 30,		September 30,
	Maturity	2025		2024
Revolving lines of credit to banks under the 2023 Senior Secured Credit Facility	May 8, 2028	$	—	$	—
1% Exchangeable Senior Notes due 2025	February 15, 2025	—		26,223
Total long-term debt		—		26,223
Less current portion of long-term debt		—		(26,223)
Long-term debt, net of current portion		$	—	$	—

Schedule of Consolidated Total Net Leverage Ratio

The applicable margin is based upon the Borrower’s consolidated total net leverage ratio (as defined in the 2023 Senior Secured Credit Facility), as reflected in the schedule below:


Consolidated Total Net Leverage Ratio	Commitment Fee		Letter of Credit Fee		Term Benchmark Loans		Base Rate Loans
> 3.0 to 1.0	0.30	%	3.00	%	3.00	%	2.00	%
> 2.5 to 1.0 but < 3.00 to 1.0	0.25	%	2.50	%	2.50	%	1.50	%
> 2.0 to 1.0 but < 2.50 to 1.0	0.20	%	2.25	%	2.25	%	1.25	%
< 2.0 to 1.0	0.15	%	2.00	%	2.00	%	1.00	%

- 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

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