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INDEBTEDNESS (Tables)
 6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Summary of Debt Facilities

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

 

As of
June 30,
2023

 

 

As of
December 31,
2022

 

 

(in thousands)

 

Principal amount of the 2024 Notes

$

105,847

 

 

$

419,371

 

Principal amount of the 2027 Notes

 

1,150,000

 

 

 

1,150,000

 

Unamortized discount - debt issuance costs of 2024 Notes

 

(567

)

 

 

(3,059

)

Unamortized discount - debt issuance costs of 2027 Notes

 

(19,763

)

 

 

(22,020

)

Total carrying value of debt facilities

$

1,235,517

 

 

$

1,544,292

 

 

 

 

 

 

 

Fair value of 2024 Notes

$

202,287

 

 

$

765,046

 

Fair value of 2027 Notes

 

1,247,693

 

 

 

1,308,482

 

Total fair value of debt facilities

$

1,449,980

 

 

$

2,073,528

 
Summarizes Total Gross Payments Due under Company's Debt Arrangements

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

 

 

As of
June 30,
2023

 

 

 

(in thousands)

 

2023 (July-December)

 

$

—

 

2024

 

 

105,847

 

2025

 

 

—

 

2026

 

 

—

 

2027

 

 

1,150,000

 

Thereafter

 

 

—

 

Total payments

 

$

1,255,847