Schedule of components of long-term debt |
Long-term debt consisted of the following: | | | | | | | | | | | | | | | (in thousands) | | As of June 30, 2025 | | As of December 31, 2024 | | | | | | Accounts receivable securitization facility | | $ | 365,500 | | | $ | — | | Revolving credit facilities | | 70,000 | | | — | | Senior secured notes, due in January 2029 | | 523,356 | | | 523,356 | | | | | | | Senior unsecured notes, due in July 2027 | | 425,667 | | | 425,667 | | Senior unsecured notes, due in January 2031 | | 392,071 | | | 392,071 | | | | | | | Term loan, due in June 2028 | | 543,852 | | | — | | Term loan, due in November 2029 | | 339,304 | | | — | | Term loan, due in May 2026 | | — | | | 721,213 | | Term loan, due in January 2028 | | — | | | 543,000 | | | | | | | Total outstanding principal | | 2,659,750 | | | 2,605,307 | | Less: Debt issuance costs and issuance discounts | | (36,046) | | | (29,135) | | Less: Current portion | | (78,854) | | | (15,612) | | Net carrying value of long-term debt | | $ | 2,544,850 | | | $ | 2,560,560 | | Fair value of long-term debt * | | $ | 2,378,968 | | | $ | 2,112,999 | |
* The fair values of debt are estimated based on either quoted private market transactions or observable estimates provided by third party financial professionals, and as such, are classified within Level 2 of the fair value hierarchy.
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