Forward Air Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Indebtedness (Tables)

Indebtedness (Tables)

3 Months Ended

Mar. 31, 2024

Long-term debt consisted of the following as of March 31, 2024 and December 31, 2023:


	March 31, 2024		December 31, 2023
Term Loan, expiring 2030 1	$	1,045,000	$	—
Senior Secured Notes, maturing 2031 1	725,000		—
Debt issuance discount	(58,551)		—
Debt issuance costs 2	(36,092)		—
	1,675,357		—

Less: Current portion of long-term debt	(11,250)		—
Total long-term debt, less current portion	$	1,664,107	$	—

1 On December 31, 2023 the debt instruments and related proceeds were consolidated but were restricted under an escrow agreement contingent upon the Closing of the Omni Acquisition.
2 Debt issuance costs of $11,275 related to the Revolving Credit Facility are recorded in Other Assets.

- 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.

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+ Details