| Schedule of Long-Term Debt Instruments |
The following table is a summary of the Company’s outstanding debt:
|
|
|
|
|
|
|
|
|
|
September 30, 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 |
|
$ |
1,566,232 |
|
$ |
1,571,818 |
|
Senior secured notes |
|
|
|
|
|
8-year senior secured notes, semi-annual interest payments, 4.38%, matures February 1, 2030 |
|
|
396,096 |
|
|
399,791 |
|
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 |
|
|
390 |
|
|
392 |
|
Premium financing notes |
|
|
|
|
|
Commercial notes, periodic interest and principal payments, 5.75%, expire May 1, 2024 |
|
|
3,909 |
|
|
— |
|
Commercial notes, periodic interest and principal payments, 5.75%, expire June 1, 2024 |
|
|
989 |
|
|
— |
|
Commercial notes, periodic interest and principal payments, 6.00%, expire June 19, 2024 |
|
|
4,121 |
|
|
— |
|
Commercial notes, periodic interest and principal payments, 5.75%, expire June 21, 2024 |
|
|
4,252 |
|
|
— |
|
Commercial notes, periodic interest and principal payments, 1.88%-2.49%, expired May 1, 2023 |
|
|
— |
|
|
1,685 |
|
Commercial notes, periodic interest and principal payments, 2.49%, expired June 1, 2023 |
|
|
— |
|
|
767 |
|
Commercial notes, periodic interest and principal payments, 2.74%, expired June 21, 2023 |
|
|
— |
|
|
3,266 |
|
Finance lease obligation |
|
|
— |
|
|
57 |
|
Units subject to mandatory redemption |
|
|
5,072 |
|
|
4,711 |
|
Total debt |
|
$ |
1,981,061 |
|
$ |
1,982,487 |
|
Less: Short-term debt and current portion of long-term debt |
|
|
(35,566 |
) |
|
(30,587 |
) |
Long-term debt |
|
$ |
1,945,495 |
|
$ |
1,951,900 |
|
|