| Schedule of Long-Term Debt Instruments |
The following table is a summary of the Company’s outstanding debt:
|
|
|
|
|
|
|
|
|
|
March 31, 2024 |
|
December 31, 2023 |
|
Term debt |
|
|
|
|
|
7-year term loan facility, periodic interest and quarterly principal payments, Adjusted Term SOFR + 2.75% as of March 31, 2024, Adjusted Term SOFR + 3.00% as of December 31, 2023, matures September 1, 2027 |
|
$ |
1,577,645 |
|
$ |
1,564,718 |
|
Senior secured notes |
|
|
|
|
|
8-year senior secured notes, semi-annual interest payments, 4.38%, matures February 1, 2030 |
|
|
396,547 |
|
|
400,704 |
|
Revolving debt |
|
|
|
|
|
5-year revolving loan facility, periodic interest payments, Adjusted Term SOFR + up to 3.00%, plus commitment fees of 0.25%-0.50%, matures July 26, 2026 |
|
|
395 |
|
|
377 |
|
Premium financing notes |
|
|
|
|
|
Commercial notes, periodic interest and principal payments, 5.75%, expire May 1, 2024 |
|
|
566 |
|
|
2,251 |
|
Commercial notes, periodic interest and principal payments, 5.75%, expire June 1, 2024 |
|
|
251 |
|
|
622 |
|
Commercial notes, periodic interest and principal payments, 6.00%, expire June 19, 2024 |
|
|
1,675 |
|
|
2,485 |
|
Commercial notes, periodic interest and principal payments, 5.75%, expire June 21, 2024 |
|
|
1,438 |
|
|
2,855 |
|
Units subject to mandatory redemption |
|
|
3,399 |
|
|
5,200 |
|
Total debt |
|
$ |
1,981,916 |
|
$ |
1,979,212 |
|
Less: Short-term debt and current portion of long-term debt |
|
|
(39,374 |
) |
|
(35,375 |
) |
Long-term debt |
|
$ |
1,942,542 |
|
$ |
1,943,837 |
|
|