

		As of						As of
		June 30, 2026						December 31, 2025
	Maturity Date	Principal ‎Balance		Fair Value		Carrying ‎Value		Principal ‎Balance		Fair Value		Carrying ‎Value

		(in thousands)
Revolving Credit Facility⁽¹⁾	Jan. 25, 2029	$	1,055,000	$	1,055,000	$	1,055,000	$	475,000	$	475,000	$	475,000
2024 Term Loan⁽¹⁾	Jan. 25, 2031		2,248,250		2,251,060		2,230,535		2,259,750		2,271,049		2,240,373
2020-1C Tower Securities ⁽²⁾⁽³⁾	Jan. 9, 2026		—		—		—		750,000		722,460		749,945
2020-2C Tower Securities ⁽²⁾	Jan. 11, 2028		600,000		577,800		598,595		600,000		513,798		598,149
2021-1C Tower Securities ⁽²⁾	Nov. 9, 2026		1,165,000		1,150,997		1,164,086		1,165,000		1,003,356		1,162,858
2021-2C Tower Securities ⁽²⁾	Apr. 9, 2027		895,000		874,782		893,581		895,000		852,022		892,677
2021-3C Tower Securities ⁽²⁾	Oct. 9, 2031		895,000		679,045		889,647		895,000		675,797		889,178
2022-1C Tower Securities ⁽²⁾	Jan. 11, 2028		850,000		864,008		846,453		850,000		867,034		845,373
2024-1C Tower Securities ⁽²⁾	Oct. 9, 2029		1,450,000		1,452,886		1,441,128		1,450,000		1,446,129		1,440,007
2024-2C Tower Securities ⁽²⁾	Oct. 8, 2027		620,000		620,062		617,515		620,000		625,425		616,636
2020 Senior Notes	Feb. 15, 2027		1,500,000		1,492,800		1,497,890		1,500,000		1,488,615		1,496,240
2021 Senior Notes	Feb. 1, 2029		1,500,000		1,436,250		1,494,792		1,500,000		1,434,375		1,493,832
Total debt ⁽¹⁾		$	12,778,250	$	12,454,690	$	12,729,222	$	12,959,750	$	12,375,060	$	12,900,268
Less: current maturities of long-term debt							(3,578,556)						(1,935,802)
Total long-term debt, net of current maturities						$	9,150,666					$	10,964,466



	Interest	For the three months ended June 30,								For the six months ended June 30,
	Rates as of	2026				2025				2026				2025
	June 30,	Cash		Non-cash		Cash		Non-cash		Cash		Non-cash		Cash		Non-cash
	2026	Interest		Interest		Interest		Interest		Interest		Interest		Interest		Interest

		(in thousands)								(in thousands)
Revolving Credit Facility⁽¹⁾	5.110%	$	13,438	$	—	$	923	$	—	$	27,277	$	—	$	1,627	$	—
2024 Term Loan ⁽¹⁾⁽²⁾	5.191%		29,612		192		30,396		909		59,000		380		44,260		7,661
2019-1C Tower Securities	2.836%		—		—		—		—		—		—		1,306		—
2020-1C Tower Securities	1.884%		—		—		3,598		—		567		—		7,195		—
2020-2C Tower Securities	2.328%		3,540		—		3,540		—		7,079		—		7,079		—
2021-1C Tower Securities	1.631%		4,851		—		4,851		—		9,704		—		9,704		—
2021-2C Tower Securities	1.840%		4,196		—		4,196		—		8,391		—		8,391		—
2021-3C Tower Securities	2.593%		5,873		—		5,873		—		11,746		—		11,746		—
2022-1C Tower Securities	6.599%		14,094		—		14,094		—		28,188		—		28,188		—
2024-1C Tower Securities	4.831%		17,636		—		17,636		—		35,271		—		35,271		—
2024-2C Tower Securities ⁽³⁾	4.654%		7,977		—		7,977		—		15,955		—		15,955		—
2020 Senior Notes	3.875%		14,531		103		14,531		99		29,063		205		29,063		197
2021 Senior Notes	3.125%		11,719		—		11,719		—		23,438		—		23,438		—
Other			287		2,191		324		225		603		2,674		582		1,723
Total		$	127,754	$	2,486	$	119,658	$	1,233	$	256,282	$	3,259	$	223,805	$	9,581

(1)On July 23, 2026, the Company repaid the aggregate principal amount outstanding on the Revolving Credit Facility and the 2024 Term Loan.

(2)The 2024 Term Loan had a blended rate of 5.191% as of June 30, 2026, which included the impact of the interest rate swaps. Excluding the impact of the interest rate swaps, the 2024 Term Loan was accruing interest at 5.400% as of June 30, 2026. Refer to Note 17 for more information on the Company’s interest rate swaps.

(3)The 2024-2C Tower Securities has an all-in fixed rate of 4.654%, which includes the impact of the Company’s treasury lock agreement which settled upon issuance of the notes. Excluding the impact of the treasury lock agreement, the 2024-2C Tower Securities accrues interest at 5.115%. Refer to Note 17 for more information on the Company’s treasury lock agreement.