INDEBTEDNESS (Tables)

3 Months Ended

Mar. 31, 2021

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

	As of March 31, 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		(7,913	)		(6,510	)
Net carrying value of 2024 Notes		562,080			464,762
Principal amount of the 2019 Term Loan		550,000			550,000
Unamortized discounts		(20,970	)		(22,269	)
Net carrying value of 2019 Term Loan		529,030			527,731
Total carrying value of debt facilities	$	1,091,110		$	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 March 31, 2021 (in thousands)
2021 (April-December)	$	—
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