XML 38 R29.htm IDEA: XBRL DOCUMENT v3.23.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Components of Debt
The Company’s borrowings consist of the following:
  As of
(in thousands)MaturitiesStated Interest RateEffective Interest RateMarch 31,
2023		December 31,
2022
Unsecured notes (1)
20265.75%5.75%$397,725 $397,548 
Revolving credit facility2027
4.80% - 8.38%
5.81%168,766 200,236 
Truist Bank commercial note (2)
2031
6.10% - 6.37%
6.33%23,276 23,522 
Truist Bank commercial note2032
6.38% - 6.72%
6.54%63,483 66,513 
Truist Bank commercial note (3)
2032
6.13% - 6.47%
6.40%26,211 26,548 
Pinnacle Bank term loan20244.15%4.18%8,152 8,433 
Other indebtedness2025 - 2030
0.00% - 16.00%
3,506 3,560 
Total Debt691,119 726,360 
Less: current portion(123,018)(155,813)
Total Long-Term Debt$568,101 $570,547 
____________
(1)     The carrying value is net of $2.3 million and $2.5 million of unamortized debt issuance costs as of March 31, 2023 and December 31, 2022, respectively.
(2)     The carrying value is net of $0.1 million of unamortized debt issuance costs as of March 31, 2023 and December 31, 2022.
(3)     The carrying value is net of $0.1 million of unamortized debt issuance costs as of March 31, 2023 and December 31, 2022.