Debt (Tables)

12 Months Ended

Dec. 31, 2024

The carrying value of debt outstanding at December 31 consisted of the following:


(in thousands, except rates)	Interest rate	Year of maturity	2024		2023
2025 Secured Notes	6.125%	2025	$	525,283	$	522,735
ABL Facility	Varies	2027	1,556,651		1,929,259
2028 Secured Notes	4.625%	2028	495,582		494,500
2029 Secured Notes	6.625%	2029	492,467		—
2031 Secured Notes	7.375%	2031	494,329		493,709
Finance Leases	Varies	Varies	143,788		117,099
Total debt			3,708,100		3,557,302
Less: current portion of long-term debt			24,598		18,786
Total long-term debt			$	3,683,502	$	3,538,516

Schedule of Maturities of Debt and Lease Obligation

Maturities of debt, including finance leases, during the years subsequent to December 31, 2024 are as follows:


(in thousands)
2025	$	558,506
2026	30,488
2027	1,602,901
2028	529,735
2029	521,858
Thereafter	525,306
Total	$	3,768,794

Schedule of Amortization of Deferred Debt Issuance Costs

These debt costs are amortized and included as part of interest expense over the remaining contractual terms of those debt instruments for each of the next five years as follows:


(in thousands)	Debt issuance cost amortization
2025	$	12,069
2026	$	11,065
2027	$	7,489
2028	$	3,454
2029	$	1,763
Thereafter	$	1,759

Schedule of Debt Redemption

The tables below depict the redemption prices (expressed as percentages of the principal amount) of the notes if redeemed during the twelve-month period commencing on the dates below, plus accrued and unpaid interest, if any, to but not including the date of redemption.

2025 Secured Notes


Year	Redemption Price
June 15, 2024 and thereafter	100.000	%

2028 Secured Notes


Year	Redemption Price
August 15, 2024	101.156	%
August 15, 2025 and thereafter	100.000	%

The table below depicts the redemption prices (expressed as percentages of the principal amount) of the

notes if redeemed during the twelve-month period commencing on the dates below, plus accrued and unpaid interest, if any, to but not including the date of redemption.


Year	Redemption Price
June 15, 2026	103.313	%
June 15, 2027	101.656	%
June 15, 2028 and thereafter	100.000	%

The table below depicts the redemption prices (expressed as percentages of the principal amount) of the notes if redeemed during the twelve-month period commencing on the dates below, plus accrued and unpaid interest, if any, to but not including the date of redemption.


Year	Redemption Price
October 1, 2026	103.688	%
October 1, 2027	101.844	%
October 1, 2028 and thereafter	100.000	%

- 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.

+ References

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+ Details