Corporate Borrowings (Tables)

9 Months Ended

Sep. 30, 2023

The following table presents the Company’s outstanding indebtedness:


Description(a)	September 30, 2023		December 31, 2022
Credit Agreement - Revolver, 6.42% (variable rate) due 2026	$	91,000	$	—
Convertible Senior Notes, 1.88% (fixed rate) due 2041	201,250		201,250

Note Purchase Agreement
Series A Senior Secured Notes, 3.53% (fixed rate) due 2027	12,800		15,200
Senior Secured Notes, 3.80% (fixed rate) due 2029	18,400		20,000

Total indebtedness outstanding	323,450		236,450
Less unamortized loan fees(b)	(6,773)		(6,115)
Total indebtedness outstanding, net	316,677		230,335
Less current maturities of long-term debt	(6,400)		(5,600)
Long-term debt	$	310,277	$	224,735

(a) Interest rates are as of September 30, 2023.

(b) Loan fees are being amortized over the life of the debt instruments.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details