| Schedule of Long-term Debt Instruments |
The Company had the following debt outstanding as of September 30, 2026 and December 31, 2025:
| | | | | | | | | | Principal amount as of | | September 30,
2026 | December 31,
2025 | | (in thousands) | Senior Term Loans 5.672% due July 2028 | $ | — | | $ | 916,688 | | Senior Notes 2.875% due July 2026 (the "2026 Notes") | — | | 500,000 | | | | | Senior Notes 5.809% due May 2027 (1) (the "May 2027 Notes") | — | | 750,000 | | Senior Notes 5.849% due May 2029 (1) (the "May 2029 Notes") | 750,000 | | 750,000 | | Senior Notes 5.064% due August 2029 (2) (the "August 2029 Notes") | 500,000 | | — | | Senior Notes 5.421% due August 2031 (2) (the "August 2031 Notes") | 1,000,000 | | — | | Senior Notes 6.000% due May 2034 (1) (the "May 2034 Notes") | 500,000 | | 500,000 | | Senior Notes 5.995% due August 2036 (2) (the "August 2036 Notes") | 650,000 | | — | | | | | | Total debt | 3,400,000 | | 3,416,688 | | | Less current portion of debt | — | | (529,762) | | | Total long-term debt | 3,400,000 | | 2,886,926 | | | Less debt issuance costs and debt discount | (20,893) | | (14,310) | | | Total long-term debt, net | $ | 3,379,107 | | $ | 2,872,616 | |
(1) issued May 8, 2024; (2) issued August 13, 2026. During the quarter ended September 30, 2026, the Company drew down $nil (year ended December 31, 2025: $50.0 million) of the Revolving Credit Facility and repaid $nil (year ended December 31, 2025: $50.0 million). | | | | | | | | | | | | | Drawdown | Repayment | Closing Balance | | (in thousands) | | Balance at January 1, 2025 | | | $ | — | | | Quarter 1, 2025 | $ | 50,000 | | $ | (50,000) | | — | | | Quarter 2, 2025 | — | | — | | — | | | Quarter 3, 2025 | — | | — | | — | | | Quarter 4, 2025 | — | | — | | — | | | Total drawdown / (repayments) in 2025 | 50,000 | | (50,000) | | | | Quarter 1, 2026 | — | | — | | — | | | Quarter 2, 2026 | — | | — | | — | | | Quarter 3, 2026 | — | | — | | — | | | Total drawdown / (repayments) in 2026 | $ | — | | $ | — | | |
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| Disclosure of Detailed Information about Financing Cost |
| | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | September 30,
2026 | September 30,
2025 | | September 30,
2026 | September 30,
2025 | | (in thousands) | | Interest expense on drawn facilities | $ | 48,137 | | $ | 47,931 | | | $ | 140,139 | | $ | 140,992 | | | Amortization of financing costs | 5,059 | | 1,499 | | | 8,108 | | 4,470 | | | Loss on Extinguishment of Debt | 12,233 | | — | | | 12,233 | | — | | | Other financing costs* | 746 | | 813 | | | 2,479 | | 2,541 | | | Total financing costs | $ | 66,175 | | $ | 50,243 | | | $ | 162,959 | | $ | 148,003 | |
*Includes costs associated with the revolving loan facility and costs associated with the waivers to debt agreements.
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| Schedule of Contractual Maturities of Debt |
As of September 30, 2026, the contractual maturities of the Company's debt obligations were as follows:
| | | | | | | Contractual maturities of debt | (in thousands) | | 2026 (remaining) | $ | — | | | 2027 | — | | | 2028 | — | | | 2029 | 1,250,000 | | | 2030 and thereafter | 2,150,000 | | | Total | $ | 3,400,000 | | | | | | | |
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| Schedule of Principal Payments on Debt Instrument |
Principal repayments on the Senior Secured Term Loan, comprising mandatory and voluntary repayments, during the nine months ended September 30, 2026 and year ended December 31, 2025 were as follows:
| | | | | | | Principal repayments | (in thousands) | | Quarter 1, 2025 | $ | (7,440) | | | Quarter 2, 2025 | (7,441) | | | Quarter 3, 2025 | (7,440) | | | Quarter 4, 2025 | (7,441) | | | Total repayments in 2025 | $ | (29,762) | | | Quarter 1, 2026 | (7,440) | | | Quarter 2, 2026 | (7,441) | | | Quarter 3, 2026 | (901,807) | | | Total repayments in 2026 | $ | (916,688) | |
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