Annual Maturities of Long-Term Debt Excluding Finance Lease Obligations

Annual maturities of long-term debt, excluding finance lease obligations, are as follows (amounts in thousands):


											Years
	2024		2025		2026		2027		2028		Thereafter		Total
$700M Revolving Credit Facility	$	—	$	—	$	—	$	—	$	—	$	—	$	—
$500M Term Loan B		5,000		5,000		5,000		5,000		5,000		471,250		496,250
$400M 7.25% Senior Notes		—		—		—		—		400,000		—		400,000
$600M 4.50% Senior Notes		—		—		—		—		—		600,000		600,000
$700M 4.75% Senior Notes		—		—		—		700,000		—		—		700,000
$800M Gaylord Rockies Term Loan (1)		800,000		—		—		—		—		—		800,000
$300M OEG Term Loan		3,000		3,000		3,000		3,000		3,000		281,250		296,250
$65M OEG Revolver		—		—		—		5,000		—		—		5,000
Block 21 CMBS Loan		2,904		3,094		125,873		—		—		—		131,871
Total	$	810,904	$	11,094	$	133,873	$	713,000	$	408,000	$	1,352,500	$	3,429,371

(1)

The $800 Million Gaylord Rockies Term Loan includes two, one-year extension options, subject to certain requirements.

Summary of Effect of Derivative Financial Instruments on the Accompanying Consolidated Statements of Operations

The effect of the Company’s derivative financial instruments on the accompanying consolidated statements of operations and comprehensive income (loss) for the years ended December 31 is as follows (in thousands):


	Amount of Gain (Loss)				Location of Gain (Loss)	Amount of Gain (Loss)
	Recognized in OCI				Reclassified from	Reclassified from Accumulated
	on Derivatives				Accumulated OCI	OCI into Income (Expense)
	2023		2022		into Income (Expense)	2023		2022
Derivatives in Cash Flow Hedging Relationships:
Interest rate swaps	$	670	$	16,007	Interest expense	$	12,177	$	(3,541)
Total derivatives	$	670	$	16,007		$	12,177	$	(3,541)