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Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Summary of Long-Term Debt, Net

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

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(In thousands)

 

Term B-2 Loans (effective interest rate of 7.83% at March 31, 2024)

 

$

1,170,068

 

 

$

 

Term B Loans (effective interest rate of 8.47% at December 31, 2023)

 

 

 

 

 

1,173,000

 

Senior Notes due 2029 (interest rate of 5.25%)

 

 

725,000

 

 

 

725,000

 

First-Priority Senior Secured Notes due 2025 (interest rate of 8.75%)

 

 

227,500

 

 

 

227,500

 

Total long-term debt

 

 

2,122,568

 

 

 

2,125,500

 

    Less: unamortized discounts and debt issuance costs

 

 

(18,467

)

 

 

(20,310

)

    Less: current maturities

 

 

(11,730

)

 

 

(12,000

)

Total long-term debt, net

 

$

2,092,371

 

 

$

2,093,190

 

Summary of Long-Term Debt Repayable

Long-term debt at March 31, 2024 is repayable as follows and does not include the impact of any future voluntary prepayments:

 

Years Ending December 31,

 

(In thousands)

 

Remainder of 2024

 

$

8,798

 

2025

 

 

239,230

 

2026

 

 

11,730

 

2027

 

 

11,730

 

2028

 

 

1,126,080

 

2029

 

 

725,000

 

Total

 

$

2,122,568