Debt

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Debt

Debt

The Company’s debt instruments consist primarily of term loans, revolving lines of credit and a Securitization Facility as follows (in thousands):

	March 31, 2022		December 31, 2021
Term Loan A note payable, net of discounts	$	2,723,420	$	2,763,162
Term Loan B note payable, net of discounts	1,867,605		1,871,505
Revolving line of credit A Facility	315,000		225,000
Revolving line of credit B Facility —foreign swing line	1,314		—
Total notes payable and other obligations	4,907,339		4,859,667
Securitization Facility	1,436,000		1,118,000
Total notes payable, credit agreements and Securitization Facility	$	6,343,339	$	5,977,667
Current portion	$	1,926,983	$	1,517,628
Long-term portion	4,416,356		4,460,039
Total notes payable, credit agreements and Securitization Facility	$	6,343,339	$	5,977,667

On March 23, 2022, the Company entered into the tenth amendment to the Securitization Facility. The amendment increased the Securitization Facility commitment from $1.3 billion to $1.6 billion and replaced LIBOR with Secured Overnight Financing Rate ("SOFR") plus a SOFR Adjustment of 0.10%. The Company has unamortized debt issuance costs of $2.6 million and $2.5 million related to the Securitization Facility as of March 31, 2022 and December 31, 2021, respectively, recorded within other assets in the Unaudited Consolidated Balance Sheets. The maturity date for the Company's Securitization Facility is March 29, 2024.

The Company was in compliance with all financial and non-financial covenants under the Credit Agreement and Securitization Facility at March 31, 2022.