INDEBTEDNESS (Tables)

12 Months Ended

Dec. 31, 2020

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

	As of December 31,
	2020			2019
	(in thousands)
Principal amount of the 2024 Notes	$	569,993		$	570,000
Unamortized discount - equity component		(98,721	)		(120,182	)
Unamortized discount - debt issuance costs		(6,510	)		(7,922	)
Net carrying value of 2024 Notes		464,762			441,896
Principal amount of the 2019 Term Loan		550,000			250,000
Unamortized discounts		(22,269	)		(9,996	)
Net carrying value of 2019 Term Loan		527,731			240,004
Total carrying value of debt facilities	$	992,493		$	681,900

Fair value of 2024 Notes	$	1,394,249		$	1,141,288
Fair value of 2019 Term Loan		550,000			250,000
Total fair value of debt facilities	$	1,944,249		$	1,391,288

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 December 31, 2020 (in thousands)
2021	$	—
2022		—
2023		250,000
2024		869,993
2025		—
Thereafter		—
Total payments	$	1,119,993

- 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.

+ References

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+ Details