| Components of long-term debt |
Long-term debt consisted of the following: | | | | | | | | | | | | | | | | (in thousands) | | As of
March 31,
2024 | | As of
December 31,
2023 | | | | | | | Revolving credit facility | | $ | 290,000 | | | $ | 330,000 | | | Senior secured notes, due in 2029 | | 523,356 | | | 523,356 | | | | | | | | Senior unsecured notes, due in 2027 | | 425,667 | | | 425,667 | | | Senior unsecured notes, due in 2031 | | 392,071 | | | 392,071 | | | | | | | | Term loan, due in 2026 | | 726,922 | | | 728,825 | | | Term loan, due in 2028 | | 549,000 | | | 551,000 | | | | | | | | Total outstanding principal | | 2,907,016 | | | 2,950,919 | | | Less: Debt issuance costs and issuance discounts | | (36,146) | | | (38,483) | | | Less: Current portion | | (15,612) | | | (15,612) | | | Net carrying value of long-term debt | | $ | 2,855,258 | | | $ | 2,896,824 | | | Fair value of long-term debt * | | $ | 2,549,369 | | | $ | 2,732,318 | |
* The fair values of debt are estimated based on either quoted private market transactions or observable estimates provided by third party financial professionals, and as such, are classified within Level 2 of the fair value hierarchy.
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