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INDEBTEDNESS (Tables)
9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Summary of Debt Facilities

The following table summarizes the Company’s debt facilities for the periods indicated:

 

 

As of
September 30,
2021

 

 

As of
December 31,
2020

 

 

(in thousands)

 

Principal amount of the 2024 Notes

$

569,993

 

 

$

569,993

 

Unamortized discount - equity component

 

 

 

 

(98,721

)

Unamortized discount - debt issuance costs

 

(6,853

)

 

 

(6,510

)

Net carrying value of 2024 Notes

 

563,140

 

 

 

464,762

 

Principal amount of the 2019 Term Loan

 

550,000

 

 

 

550,000

 

Unamortized discounts

 

(18,228

)

 

 

(22,269

)

Net carrying value of 2019 Term Loan

 

531,772

 

 

 

527,731

 

Total carrying value of debt facilities

$

1,094,912

 

 

$

992,493

 

Summarizes Total Gross Payments Due under Company's Debt Arrangements

The following table summarizes the total gross payments due under the Company’s debt arrangements:

 

 

 

As of
September 30, 2021

 

 

 

(in thousands)

 

2021 (October-December)

 

$

 

2022

 

 

 

2023

 

 

250,000

 

2024

 

 

869,993

 

2025

 

 

 

Thereafter

 

 

 

Total payments

 

$

1,119,993