Table of Content 11. DEBT As of December 31, 2023 and 2022, our total long-term debt and finance lease obligations are summarized as follows (in thousands): December 31, 2023 2022 2022 ABL Credit Facility $ 113,415 $ 99,916 1 ME/RE Loans 24,061 — 1 APSC Term Loan — 31,562 1 Uptiered Loan / Subordinated Term Loan 129,436 107,905 1 Incremental Term Loan 38,758 — Total 305,670 239,383 1 Convertible Debt — 40,650 2 Finance lease obligations 5,756 5,902 Total debt and finance lease obligations 311,426 285,935 Current portion of long-term debt and finance lease obligations (5,212) (280,993) $ 306,214 $ 4,942 Total long-term debt and finance lease obligations, less current portion _________________ 1 Comprised of principal amount outstanding, less unamortized discount and issuance costs. See below for additional information. 2 For information on our finance lease obligations, see Note 12 - Leases. The following table summarizes scheduled maturities of our debt for the years succeeding December 31, 2023 (in thousands): December 31 2024 $ 4,267 2025 137,821 2026 125,290 2027 50,000 2028 — Thereafter — Total $ 317,378 2022 ABL Credit Facility On February 11, 2022, we entered into a credit agreement, with the lender parties thereto, and Eclipse Business Capital, LLC, a Delaware limited liability company, as agent, (the "ABL Agent”) (such agreement, as amended by Amendment No. 1 dated as of May 6, 2022, Amendment No. 2 dated as of November 1, 2022, Amendment No.3 dated June 16, 2023, and Amendment No.4 dated March 6, 2024, and as further amended from time to time, the "2022 ABL Credit Agreement”). Available funding commitments to us under the 2022 ABL Credit Agreement, subject to certain conditions, include a revolving credit line in an amount of up to $130.0 million to be provided by certain affiliates of the ABL Agent (the "Revolving Credit Loans”), with a $35.0 million sublimit for swingline borrowings, a $26.0 million sublimit for issuances of letters of credit, and an incremental delayed draw term loan of up to $35.0 million (the "Delayed Draw Term Loan”) provided by Corre Partners Management, LLC and certain of its affiliates (collectively, the "2022 ABL Credit Facility”). The proceeds from the 2022 ABL Credit Facility were used to, among other things, pay off and terminate the 2020 ABL Facility (asset-based credit agreement with Citibank, N.A. for available borrowings up to $150.0 million entered on December 18, 2020). Our obligations under the 2022 ABL Credit Agreement are guaranteed by certain of our direct and indirect subsidiaries referenced below as the "ABL Guarantors” and, together with the Company, the "ABL Loan Parties.” Our obligations under the 2022 ABL Credit Facility are secured on a first priority basis by, among other things, accounts receivable, deposit accounts, securities accounts and inventory of the ABL Loan Parties (collectively, the "ABL Priority Collateral”) and are secured on a lower priority basis by substantially all of the other assets of the ABL Loan Parties, subject to the terms of the Intercreditor Agreement (as defined below). Availability under the revolving credit line is based on a percentage of the value of qualifying accounts receivable and inventory, reduced by certain reserves. The terms of the 2022 ABL Credit Facility are described in the table below (dollar amounts are presented in thousands): 48