Summary of Debt |
Debt outstanding as of September 30, 2024 and December 31, 2023 consisted of the following (in thousands):
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September 30, 2024 |
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December 31, 2023 |
|
Exchange Credit Agreement |
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Tranche 1 Loans |
|
$ |
— |
|
|
$ |
791,480 |
|
Unamortized premium on tranche 1 loans |
|
|
— |
|
|
|
18,359 |
|
Unamortized debt issuance costs on tranche 1 loans |
|
|
— |
|
|
|
(17,707 |
) |
Tranche 2 Loans |
|
|
— |
|
|
|
115,232 |
|
Unamortized discount on tranche 2 loans |
|
|
— |
|
|
|
(1,136 |
) |
Unamortized debt issuance costs on tranche 2 loans |
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|
— |
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|
|
(2,659 |
) |
Revolver |
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|
— |
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|
|
— |
|
Total Exchange Credit Agreement |
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|
— |
|
|
|
903,569 |
|
Credit Agreement |
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|
|
|
|
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Term Loan |
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|
373,750 |
|
|
|
— |
|
Unamortized discount on term loan |
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|
(3,525 |
) |
|
|
— |
|
Unamortized debt issuance costs on term loan |
|
|
(6,161 |
) |
|
|
— |
|
Revolver |
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|
40,000 |
|
|
|
— |
|
Total Credit Agreement |
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|
404,064 |
|
|
|
— |
|
8.625% Secured Notes due 2029 |
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|
|
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Notes Due in 2029 |
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|
650,000 |
|
|
|
— |
|
Unamortized debt issuance costs |
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(12,624 |
) |
|
|
— |
|
Total 8.625% Secured Notes due 2029 |
|
|
637,376 |
|
|
|
— |
|
10.250% Unsecured Notes due 2031 |
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|
|
|
|
|
Notes Due in 2031 |
|
|
625,000 |
|
|
|
— |
|
Unamortized debt issuance costs |
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|
(11,845 |
) |
|
|
— |
|
Total 10.25% Unsecured Notes due 2031 |
|
|
613,155 |
|
|
|
— |
|
10.500% Public Second Lien Notes due 2028 |
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|
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|
Notes Due in 2028 |
|
|
— |
|
|
|
286,521 |
|
Unamortized discount |
|
|
— |
|
|
|
(13,386 |
) |
Unamortized debt issuance costs |
|
|
— |
|
|
|
(7,237 |
) |
Total 10.500% Public Second Lien Notes due 2028 |
|
|
— |
|
|
|
265,898 |
|
9.500% Private Second Lien Notes due 2028 |
|
|
|
|
|
|
Notes Due in 2028 |
|
|
— |
|
|
|
239,142 |
|
Unamortized discount |
|
|
— |
|
|
|
(19,843 |
) |
Unamortized debt issuance costs |
|
|
— |
|
|
|
(6,236 |
) |
Total 9.500% Private Second Lien Notes due 2028 |
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|
— |
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|
213,063 |
|
6.50% Exchangeable Senior Notes: |
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|
|
|
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Notes Due in 2026 |
|
|
300 |
|
|
|
230,000 |
|
Unamortized debt issuance costs |
|
|
— |
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|
|
(4,595 |
) |
Total 6.50% Exchangeable Senior Notes due 2026 |
|
|
300 |
|
|
|
225,405 |
|
6.00% Senior Notes: |
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|
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|
Notes Due in 2026 |
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|
— |
|
|
|
110,858 |
|
Unamortized debt issuance costs |
|
|
— |
|
|
|
(557 |
) |
Total 6.00% Senior Notes due 2026 |
|
|
— |
|
|
|
110,301 |
|
5.875% Senior Notes: |
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|
|
|
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|
Notes Due in 2024 |
|
|
— |
|
|
|
23,253 |
|
Unamortized debt issuance costs |
|
|
— |
|
|
|
(44 |
) |
Total 5.875% Senior Notes due 2024 |
|
|
— |
|
|
|
23,209 |
|
Finance Lease Liabilities |
|
|
740 |
|
|
|
1,280 |
|
Other debt, net of unamortized debt issuance costs |
|
|
38,349 |
|
|
|
39,208 |
|
Total debt |
|
|
1,693,984 |
|
|
|
1,781,933 |
|
Current portion of finance lease liabilities and long-term debt |
|
|
(55,109 |
) |
|
|
(55,882 |
) |
Finance Lease Liabilities, long-term portion |
|
|
(189 |
) |
|
|
(549 |
) |
Long-Term Debt |
|
$ |
1,638,686 |
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|
$ |
1,725,502 |
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