Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.24.3
Debt (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Outstanding Debt The following table is a summary of the Company’s outstanding debt:
September 30, 2024
December 31, 2023
Term debt
7-year term loan facility, periodic interest and quarterly principal
payments, Adjusted Term SOFR + 2.25% as of September 30, 2024,
Adjusted Term SOFR + 3.00% as of December 31, 2023, matures
September 13, 2031
$1,677,446
$1,564,718
Senior secured notes
8-year senior secured notes, semi-annual interest payments, 4.38%,
matures February 1, 2030
397,057
400,704
8-year secured notes, semi-annual interest payments, 5.88%, matures
August 1, 2032
591,805
—
Revolving debt
5-year revolving loan facility, periodic interest payments, Adjusted Term
SOFR + up to 2.50% as of September 30, 2024, Adjusted Term SOFR +
up to 3.00% as of December 31, 2023, plus commitment fees of
0.25%-0.50%, matures July 30, 2029
714
377
Premium financing notes
Commercial notes, periodic interest and principal payments, 6.25%,
expire May 1, 2025
4,642
—
Commercial notes, periodic interest and principal payments, 6.25%,
expire June 1, 2025
871
—
Commercial notes, periodic interest and principal payments, 6.25%,
expire June 21, 2025
3,932
—
Commercial notes, periodic interest and principal payments, 5.75%,
expired May 1, 2024
—
2,251
Commercial notes, periodic interest and principal payments, 5.75%,
expired June 1, 2024
—
622
Commercial notes, periodic interest and principal payments, 6.00%,
expired June 19, 2024
—
2,485
Commercial notes, periodic interest and principal payments, 5.75%,
expired June 21, 2024
—
2,855
Units subject to mandatory redemption
3,399
5,200
Total debt
$2,679,866
$1,979,212
Less: Short-term debt and current portion of long-term debt
(33,316)
(35,375)
Long-term debt
$2,646,550
$1,943,837