| Fair value of debt instruments |
The carrying and fair values of these liabilities were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | | Carrying | | Fair | | Carrying | | Fair | | | Value | | Value | | Value | | Value | | | (In thousands) | 7.375% senior priority guaranteed notes due May 2027 | | $ | 696,050 | | $ | 689,222 | | $ | 700,000 | | $ | 699,916 | 7.50% senior guaranteed notes due January 2028 | | | 379,146 | | | 338,149 | | | 389,609 | | | 362,823 | 1.75% senior exchangeable notes due June 2029 | | | 250,000 | | | 144,395 | | | 250,000 | | | 179,548 | 9.125% senior priority guaranteed notes due January 2030 | | | 650,000 | | | 622,915 | | | 650,000 | | | 661,401 | 8.875% senior guaranteed notes due August 2031 | | | 550,000 | | | 410,311 | | | 550,000 | | | 511,104 | 2024 Credit Agreement | | | 178,000 | | | 178,000 | | | — | | | — | | | $ | 2,703,196 | | $ | 2,382,992 | | $ | 2,539,609 | | $ | 2,414,792 | Less: deferred financing costs | | | 30,376 | | | | | | 34,392 | | | | | | $ | 2,672,820 | | | | | $ | 2,505,217 | | | |
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