Long-term debt

9 Months Ended

Sep. 30, 2021

Our long-term debt is summarized below (in thousands):


	Sept. 30, 2021		Dec. 31, 2020

Borrowings under revolving credit agreement expiring August 2024	$	136,000	$	355,000
Unsecured notes bearing fixed rate interest at 5.500% due September 2024	137,000		137,000
Unsecured notes bearing fixed rate interest at 4.750% due March 2026	550,000		550,000
Unsecured notes bearing fixed rate interest at 7.75% due June 2027	200,000		200,000
Unsecured notes bearing fixed rate interest at 7.25% due September 2027	240,000		240,000
Unsecured notes bearing fixed rate interest at 4.625% due March 2028	1,000,000		1,000,000
Unsecured notes bearing fixed rate interest at 5.00% due September 2029	1,100,000		1,100,000
Total principal long-term debt	3,363,000		3,582,000
Debt issuance costs	(33,271)		(36,595)
Unamortized premiums and discounts, net	7,149		7,815


Total long-term debt	$	3,336,878	$	3,553,220

As of September 30, 2021, cash and cash equivalents totaled $51.2 million and we had unused borrowing capacity of $1.35 billion under our $1.51 billion revolving credit facility, which expires in August 2024. We were in compliance with all covenants, including the leverage ratio (our one financial covenant) contained in our debt agreements and revolving credit facility. We believe, based on our current financial forecasts and trends, that we will remain compliant with all covenants for the foreseeable future.