Debt and Credit Facilities (Tables)

6 Months Ended

Jun. 30, 2024

Debt consists of the following (in thousands):


	As of June 30, 2024		As of December 31, 2023
ABL Facility	$	1,786,222	$	1,830,346
2029 Senior Notes	750,000		—
Total debt outstanding	2,536,222		1,830,346
Less: unamortized debt issuance cost	(49,455)		(38,886)
Long-term debt, net of unamortized debt issuance cost	$	2,486,767	$	1,791,460
Other borrowings	9,530		—
Total long-term debt and other borrowings	$	2,496,297	$	1,791,460

Schedule of Debt Instrument Redemption

The optional redemption percentages for the 2029 Senior Notes are as follows:


						Percentage
2026						103.625%
2027						101.813%
2028 and thereafter						100.000%

Schedule of Maturities of Long-term Debt

As of June 30, 2024, the scheduled maturities, without consideration of potential mandatory prepayments, of the Company’s long-term debt were as follows (in thousands):


	Amount
Years ended December 31,
Remainder of 2024	$	—
2025	—
2026	—
2027	—
2028	1,786,222
Thereafter	750,000
Total	$	2,536,222

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details