| LONG-TERM DEBT The following table presents the carrying amount and fair values of our Long-term debt, net: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Effective Interest Rate | | As of | | | | | June 30, 2023 | | December 31, 2022 | | | | Carrying Amount | | Fair Value | | Carrying Amount | | Fair Value | | Senior Secured Notes: | | | | | | | | | | | | 5 1/4% Senior Secured Notes due 2026 | | 5.320% | | $ | 750,000 | | | $ | 701,850 | | | $ | 750,000 | | | $ | 727,763 | | | Senior Unsecured Notes: | | | | | | | | | | | | 6 5/8% Senior Unsecured Notes due 2026 | | 6.688% | | 750,000 | | | 705,833 | | | 750,000 | | | 707,490 | | | Less: Unamortized debt issuance costs | | | | (2,813) | | | — | | | (3,223) | | | — | | | Total long-term debt, net | | | | $ | 1,497,187 | | | $ | 1,407,683 | | | $ | 1,496,777 | | | $ | 1,435,253 | |
The estimated fair value of our publicly traded debt was primarily based on Level 1 inputs that use quoted market value for the debt.
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