Debt (Tables)

3 Months Ended

Dec. 31, 2023

As of December 31, 2023 and September 30, 2023, we had the following debt obligations:


(in thousands)	December 31, 2023			September 30, 2023
4.000% Senior notes due 2028	$	500,000		$	500,000
3.625% Senior notes due 2025		500,000			500,000
Credit facility revolver line(1)(2)		766,527			202,000
Credit facility term loan(1)(2)		500,000			500,000
Total debt		2,266,527			1,702,000
Unamortized debt issuance costs for the senior notes(3)		(5,672	)		(6,215	)
Total debt, net of issuance costs(4)	$	2,260,855		$	1,695,785

(1)

Unamortized debt issuance costs related to the credit facility were $2.3 million included in Other current assets and $7.0 million included in Other assets on the Consolidated Balance Sheet as of December 31, 2023 and $2.3 million included in Other current assets and $7.5 million included in Other assets on the Consolidated Balance Sheet as of September 30, 2023.

(2)

The stated maturity date under the credit facility on which both the revolver line and the term loan will mature and all amounts then outstanding will become due and payable is January 3, 2028. However, if our outstanding 2025 Senior Notes have not been refinanced to mature on or after April 3, 2028 or redeemed by November 16, 2024, all amounts outstanding under the credit facility will become due and payable on November 16, 2024. The term loan will begin amortizing in March 2024, with payments of $9.4 million in 2024, $21.9 million in 2025, and $25.0 million in 2026 and 2027, and $418.7 million in 2028.

(3)

Unamortized debt issuance costs for the senior notes are included in Long-term debt on the Consolidated Balance Sheets.

(4)

As of December 31, 2023 and September 30, 2023, $12.5 million and $9.4 million, respectively, of debt associated with the credit facility term loan was classified as short term with the remaining balance classified as long term.