v3.26.3
Long-term Debt
 3 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Long-term Debt
Note 8 – Long-term Debt
The following table summarizes the carrying amounts and terms of our long-term debt as of the dates presented (dollars in thousands):
September 30, 2026June 30, 2026
Maturity dateStated interest rateEffective interest rateOutstanding balanceOutstanding balance
Revolving FacilityNovember 20304.99%4.99%$605,000 $660,000 
Term LoanNovember 20305.40%5.47%1,226,563 1,234,375 
Term Loan BOctober 20315.65%5.89%736,875 738,750 
Term Loan B-2March 20335.65%5.85%796,000 798,000 
2033 NotesJune 20336.38%6.58%1,000,000 1,000,000 
2033 Notes-2June 20336.38%6.10%500,000 500,000 
Principal amount of long-term debt4,864,438 4,931,125 
Less unamortized debt discount, premium, and issuance costs(28,375)(29,616)
Total long-term debt4,836,063 4,901,509 
Less current portion(46,750)(46,750)
Long-term debt, net of current portion$4,789,313 $4,854,759 
The Company’s senior secured credit facility (the Credit Facility) consists of a $1,250.0 million term loan (the Term Loan) and a $2,000.0 million revolving credit facility (the Revolving Facility). As of September 30, 2026, there were no borrowings on the swing line and stand-by letters of credit.
During the three months ended September 30, 2026, the Company made scheduled principal payments of $7.8 million on the Term Loan and $1.9 million and $2.0 million on the Term Loan B and the Term Loan B-2, which are the senior secured term loans, respectively.
As of September 30, 2026, the Company was in compliance with all of its financial covenants related to all long-term debt.
Cash Flow Hedges
The Company’s interest rate swap cash flow hedges receive variable rate one-month term Secured Overnight Financing Rate (SOFR), and they consist of (dollars in thousands):
As of September 30, 2026
Effective dateNotional amountPaid fixed rateMaturity date
July 2022$50,000 1.69%July 2027
October 202250,000 1.98%October 2027
October 202250,000 2.74%October 2028
January 202350,000 1.80%January 2027
January 202350,000 2.14%January 2027
January 202350,000 2.04%January 2028
April 2023200,000 3.71%April 2027
April 2023100,000 3.67%April 2028
May 2026300,000 3.79%May 2028
May 2026200,000 3.80%May 2029
May 2026300,000 3.81%May 2030
Total notional amount$1,400,000 
The effect of the cash flow hedges on other comprehensive income (loss) and earnings for the periods presented was as follows (in thousands):
Three months ended
September 30,
20262025
Gain recognized in other comprehensive income before reclassifications$17,591 $762 
Amounts reclassified from accumulated other comprehensive loss (AOCL) to earnings (1)
(998)(3,021)
Other comprehensive income (loss) (2)
$16,593 $(2,259)
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(1)Amounts reclassified from AOCL are included in Interest expense and other, net on the condensed consolidated statements of operations.
(2)Includes income tax expense of $4.2 million and income tax benefit of $0.6 million for the three months ended September 30, 2026 and 2025, respectively.
We expect to reclassify net gains of $11.0 million from AOCL to earnings during the next twelve months.