BORROWINGS (Tables)

9 Months Ended

Sep. 30, 2024

Our long-term borrowings were as follows:


	Maturity	Stated Interest Rate		Effective Interest Rate		September 30, 2024		December 31, 2023
						(in thousands)
Notes issuance of $350.0 million	2029	4.250	%	4.64	%	$	350,000	$	350,000
Notes issuance of $350.0 million	2031	4.125	%	4.35	%	350,000		350,000
Term Loan B Facility	2029					575,000		820,000
Revolving Facility						190,000		190,000
Total face value of long-term borrowings						1,465,000		1,710,000
Less:
Unamortized issuance costs						43,048		49,004
Current portion of long-term borrowings (1)						—		20,000
Total long-term borrowings						$	1,421,952	$	1,640,996

(1) Represents the current portion of the borrowings under the Term Loan B facility.

- 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