v3.25.3
DEBT AND FINANCING COSTS - (Tables)
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
The following table summarizes the Company’s debt obligations as of September 30, 2025 and December 31, 2024:
September 30,December 31,
20252024
(In thousands)
A/R Facility(1)
$178,600 $140,200 
Total current debt obligations
$178,600 $140,200 
Unsecured term loan(2)
$1,150,000 $1,000,000 
5.875% senior unsecured notes due 2030 (“2030 Notes”)
1,000,000 1,000,000 
6.625% senior unsecured notes due 2028 (“2028 Notes”)
1,050,000 800,000 
Revolving line of credit(3)
783,000 590,000 
Total long-term debt3,983,000 3,390,000 
Unamortized debt issuance costs, net(4)
(25,761)(26,174)
Unamortized debt premiums and discounts, net(909)170 
Total long-term debt, net$3,956,330 $3,363,996 
(1)The effective interest rate was 5.08% and 5.55% as of September 30, 2025 and December 31, 2024, respectively.
(2)The effective interest rate of the Term Loan Credit Agreement was 5.89% as of September 30, 2025. The effective interest rate of the 2022 Term Loan Credit Agreement was 6.25% as of December 31, 2024.
(3)The weighted average effective interest rate of the Revolving Credit Agreement was 5.89% as of September 30, 2025. The weighted average effective interest rate of the 2022 Revolving Credit Agreement was 6.43% as of December 31, 2024.
(4)Excludes unamortized debt issuance costs related to the revolving line of credit. Unamortized debt issuance costs associated with the revolving line of credit were $8.9 million and $3.8 million as of September 30, 2025 and December 31, 2024, respectively. The unamortized debt issuance costs related to the revolving credit facilities were included in the “Deferred charges and other assets” of the Condensed Consolidated Balance Sheets.
Schedule of Financing Costs, Net
The table below presents the components of the Company’s financing costs, net of capitalized interest:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
(In thousands)
Capitalized interest$(4,449)$(2,955)$(12,308)$(4,885)
Debt issuance costs1,908 1,916 5,892 5,497 
Interest expense64,262 67,068 180,365 166,933 
Total financing costs, net of capitalized interest$61,721 $66,029 $173,949 $167,545