Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.23.1
Debt (Tables)
3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments The following table is a summary of the Company’s outstanding debt:

 

 

March 31, 2023

 

 

December 31, 2022

 

Term debt

 

 

 

 

 

 

7-year term loan facility, periodic interest and quarterly principal payments, Adjusted Term SOFR + 3.00%, matures September 1, 2027

 

$

1,569,617

 

 

$

1,571,818

 

Senior secured notes

 

 

 

 

 

 

8-year senior secured notes, semi-annual interest payments, 4.38%, matures February 1, 2030

 

 

395,592

 

 

 

399,791

 

Revolving debt

 

 

 

 

 

 

5-year revolving loan facility, periodic interest payments, Adjusted Term SOFR + up to 3.00%, plus commitment fees up to 0.50%, matures July 26, 2026

 

 

384

 

 

 

392

 

Premium financing notes

 

 

 

 

 

 

Commercial notes, periodic interest and principal payments, 1.88-2.49%, expire May 1, 2023

 

 

423

 

 

 

1,685

 

Commercial notes, periodic interest and principal payments, 2.49%, expire June 1, 2023

 

 

307

 

 

 

767

 

Commercial notes, periodic interest and principal payments, 2.74%, expire June 21, 2023

 

 

1,639

 

 

 

3,266

 

Finance lease obligation

 

 

 

 

 

57

 

Units subject to mandatory redemption

 

 

4,826

 

 

 

4,711

 

Total debt

 

$

1,972,788

 

 

$

1,982,487

 

Less: Short-term debt and current portion of long-term debt

 

 

(22,459

)

 

 

(30,587

)

Long-term debt

 

$

1,950,329

 

 

$

1,951,900