Debt (Tables)

3 Months Ended

Mar. 31, 2024

Debt consisted of the following (in thousands):


	March 31, 2024		December 31, 2023
Senior Secured Notes and Loans:
6.67% Senior Secured Notes due 2033	$	700,000	$	700,000
6.72% Senior Secured Loans due 2033	356,000		356,000
7.11% Senior Secured Loans due 2047	251,000		251,000
6.85% Senior Secured Notes due 2047	190,000		—
Total Senior Secured Notes and Loans	1,497,000		1,307,000
Credit Facilities:
CD Senior Working Capital Facility	—		—
CD Credit Facility	817,000		484,000
TCF Credit Facility	102,000		59,000
Corporate Credit Facility	26,881		—
Total debt	2,442,881		1,850,000
Unamortized debt issuance costs	(49,151)		(33,699)
Total debt, net	$	2,393,730	$	1,816,301

Below is a summary of our committed credit facilities outstanding as of March 31, 2024 (in thousands):


	CD Senior Working Capital Facility		CD Credit Facility		TCF Credit Facility		Corporate Credit Facility
Total Facility Size	$	500,000	$	9,554,000	$	800,000	$	62,500
Less:
Outstanding balance	—		817,000		102,000		26,881
Letters of credit issued	120,625		—		—		—
Available commitment	$	379,375	$	8,737,000	$	698,000	$	35,619

Priority ranking	Senior secured		Senior secured		Senior secured		Senior secured
Interest rate on outstanding balance	SOFR + 2.25%		SOFR + 2.25%		SOFR + 2.25%		SOFR + 4.50%
Commitment fees on undrawn balance	0.68 %		0.68 %		0.68 %		1.35 %
Maturity Date	2030		2030		2030		2026

Total interest expense, net of capitalized interest, consisted of the following (in thousands):


	Three Months Ended March 31,
	2024		2023
Interest per contractual rate	$	36,591	$	—
Amortization of debt issuance costs	16,388		—
Other interest costs	551		—
Total interest cost	53,530		—
Capitalized interest	(28,051)		—
Total interest expense, net of capitalized interest	$	25,479	$	—

The following table shows the carrying amount and estimated fair value of our debt (in thousands):