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Long-Term Debt and Other Borrowing Arrangements (Tables)

12 Months Ended

Dec. 31, 2020

Carrying Values of Long-Term Debt and Other Borrowing Arrangements

The carrying values of our long-term debt and other borrowing arrangements were as follows:


	December 31,
	2020		2019
	(In thousands)
Revolving credit agreement due 2022	$	—	$	—
Senior subordinated notes:
3.875% Senior subordinated notes due 2028	428,295		392,910
3.375% Senior subordinated notes due 2027	550,665		505,170
4.125% Senior subordinated notes due 2026	244,740		224,520
2.875% Senior subordinated notes due 2025	367,110		336,780
Total senior subordinated notes	1,590,810		1,459,380
Less unamortized debt issuance costs	(17,084)		(19,896)
Long-term debt	$	1,573,726	$	1,439,484

Schedule of Senior Subordinated Notes

The senior subordinated notes due 2025, 2026, 2027 and 2028 are redeemable after September 15, 2020, October 15, 2021, July 15, 2022, and March 15, 2023, respectively, at the following redemption prices as a percentage of the face amount of the notes:


Senior Subordinated Notes due
2025			2026			2027			2028
Year	Percentage		Year	Percentage		Year	Percentage		Year	Percentage
2020	101.438	%	2021	102.063	%	2022	101.688	%	2023	101.938	%
2021	100.719	%	2022	101.375	%	2023	101.125	%	2024	101.292	%
2022 and thereafter	100.000	%	2023	100.688	%	2024	100.563	%	2025	100.646	%
			2024 and thereafter	100.000	%	2025 and thereafter	100.000	%	2026 and thereafter	100.000	%

Maturities on Outstanding Long-Term Debt and Other Borrowings

Maturities on outstanding long-term debt and other borrowings during each of the five years subsequent to December 31, 2020 are as follows (in thousands):


2021	$	—
2022	—
2023	—
2024	—
2025	367,110
Thereafter	1,223,700
	$	1,590,810

- 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