v3.26.1
Unsecured Senior Notes (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Instruments [Abstract]  
Schedule of Unsecured Convertible Senior Notes Outstanding
The following table is a summary of our unsecured senior notes outstanding as of March 31, 2026 and December 31, 2025 (dollars in thousands):
Coupon
Rate		Swapped Rate (1)Effective
Rate (2)		Maturity
Date		Remaining
Period of
Amortization		Carrying Value at
March 31, 2026December 31, 2025
2027 Convertible Notes
6.75%
N/A
7.38%7/15/20271.3 years380,750 380,750 
2026 Senior Notes3.63%
N/A
3.77%7/15/20260.3 years400,000 400,000 
2027 Senior Notes4.38%
SOFR + 2.95%
4.49%1/15/20270.8 years500,000 500,000 
2028 Senior Notes
5.25%
SOFR + 1.88%
5.49%10/15/20282.5 years500,000 500,000 
2029 Senior Notes
7.25%
SOFR + 3.25%
7.37%4/1/20293.0 years600,000 600,000 
April 2030 Senior Notes6.00%
SOFR + 2.70%
6.14%4/15/20304.0 years400,000 400,000 
July 2030 Senior Notes6.50%
SOFR + 2.55%
6.64%7/1/20304.3 years500,000 500,000 
October 2030 Senior Notes
6.50%
SOFR + 2.61%
6.64%10/15/20304.5 years500,000 500,000 
2031 Senior Notes
5.75%
SOFR + 2.24%
5.90%1/15/20314.8 years550,000 550,000 
Total principal amount4,330,750 4,330,750 
Unamortized discount—Convertible Notes(3,450)(4,063)
Unamortized discount—Senior Notes(16,020)(17,206)
Unamortized deferred financing costs(23,634)(25,645)
Total carrying amount$4,287,646 $4,283,836 
______________________________________________________________________________________________________________________
(1)We entered into interest rate swaps on certain of our senior notes at closing to effectively convert them to floating rates. Each of those swaps has a notional amount equal to the aggregate principal amount of the respective notes, except for the 2031 Senior Notes swap which has a notional amount of $275.0 million.
(2)Effective rate reflects the coupon rate plus the effects of underwriter purchase discount.
Schedule of Conversion Attributes on Convertible Notes Outstanding
The following table details the conversion attributes of our Convertible Notes outstanding as of March 31, 2026 (amounts in thousands, except rates):
March 31, 2026
ConversionConversion
Rate (1)Price (2)
2027 Convertible Notes48.1783$20.76 

(1)    The conversion rate represents the number of shares of common stock issuable per $1,000 principal amount of 2027
Convertible Notes converted, as adjusted in accordance with the indenture governing the 2027 Convertible Notes
(including the applicable supplemental indenture).

(2)    As of March 31, 2026, the market price of the Company’s common stock was $17.22.