| Schedule of Long-term Debt Instruments |
The Company had the following debt outstanding as of June 30, 2024 and December 31, 2023:
| | | | | | | | | | | | | | | | | | | | Interest rate as of | Principal amount | | Maturity Date | June 30,
2024 | December 31,
2023 | June 30,
2024 | December 31,
2023 | | | | | (in thousands) | | Senior Secured Term Loan | July 2028 | 7.335 | % | 7.860 | % | $ | 961,331 | | $ | 3,251,213 | | Senior Secured Notes (the "2026 Notes") | July 2026 | 2.875 | % | 2.875 | % | 500,000 | | 500,000 | | | Senior Secured Revolving Loan | July 2026 | — | % | 6.720 | % | — | | 55,000 | | | Senior Secured Notes (the "2027 Notes")* | May 2027 | 5.809 | % | | 750,000 | | — | | | Senior Secured Notes (the "2029 Notes")* | May 2029 | 5.849 | % | | 750,000 | | — | | | Senior Secured Notes (the "2034 Notes")* | May 2034 | 6.000 | % | | 500,000 | | — | | | Total debt | | | | 3,461,331 | | 3,806,213 | | | Less current portion of debt | | | | (29,762) | | (110,150) | | | Total long-term debt | | | | 3,431,569 | | 3,696,063 | | Less debt issuance costs and debt discount | | | | (23,412) | | (30,624) | | | Total long-term debt, net | | | | $ | 3,408,157 | | $ | 3,665,439 | |
*Issued May 8, 2024 | | | | | | | | | | | | | | | | | Drawdown | Repayment | Closing Balance | | | (in thousands) | | Quarter 1, 2023 | | $ | 180,000 | | $ | 100,000 | | $ | 80,000 | | | Quarter 2, 2023 | | 50,000 | | 80,000 | | 50,000 | | | Quarter 3, 2023 | | 75,000 | | 50,000 | | 75,000 | | | Quarter 4, 2023 | | 65,000 | | 85,000 | | 55,000 | | | Total drawdown/repayments in 2023 | | 370,000 | | 315,000 | | | | Quarter 1, 2024 | | 50,000 | | 55,000 | | 50,000 | | | Quarter 2, 2024 | | $ | 143,000 | | $ | 193,000 | | — | | | Total drawdown/repayments in 2024 | | $ | 193,000 | | $ | 248,000 | | — | |
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| Schedule of Contractual Maturities of Debt |
As of June 30, 2024, the contractual maturities of the Company's debt obligations were as follows:
| | | | | | | | | | | | | | | | Contractual maturities of debt | | (in thousands) | | 2024 (remaining) | | | | $ | 14,881 | | | 2025 | | | | 29,762 | | | 2026 | | | | 529,762 | | | 2027 | | | | 779,762 | | | 2028 and thereafter | | | | 2,107,164 | | | Total | | | | $ | 3,461,331 | | | | | | | | | | | | | | | | |
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| Schedule of Principal Payments on Debt Instrument |
Principal repayments, comprising mandatory and voluntary repayments, during the six months ended June 30, 2024 and year ended December 31, 2023 were as follows:
| | | | | | | | | | Principal repayments | (in thousands) | | Quarter 1, 2023 | | $ | 250,000 | | | Quarter 2, 2023 | | 150,000 | | | Quarter 3, 2023 | | 300,000 | | | Quarter 4, 2023 | | 250,000 | | | Total repayments in 2023 | | 950,000 | | | Quarter 1, 2024 | | 275,000 | | | Quarter 2, 2024 | | 2,014,882 | | | Total repayments in 2024 | | $ | 2,289,882 | |
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