v3.26.3
Subsequent Events
3 Months Ended
Sep. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Management has evaluated subsequent events through the date of issuance of these consolidated financial statements and has determined that there are no subsequent events outside the ordinary scope of business that require adjustment to, or disclosure in, the consolidated financial statements other than those disclosed below.
On October 14, 2026, we gave notice of our election to redeem all $263,220 aggregate principal amount of the outstanding 3.364% 2026 Notes. We expect the redemption to be completed on or about November 13, 2026, at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest to, but excluding, the redemption date. Following the redemption, none of the 3.364% 2026 Notes will remain outstanding.
On October 6, 2026, our $69,388 second lien term loan to BCPE North Star US Holdco 2, Inc. was fully repaid at par.
On October 29, 2026, we priced an institutional offering of $300,000 in aggregate principal amount of 8.95% Notes due 2031 (the “8.95% 2031 Notes”). We expect net proceeds of approximately $283,400 after deducting estimated offering expenses. The offering is expected to close on November 5, 2026, subject to customary closing conditions. The 8.95% 2031 Notes will mature on October 31, 2031, and bear interest at 8.95% per annum, payable semi-annually on April 30 and October 31, beginning April 30, 2027. We intend to use the net proceeds primarily to refinance existing indebtedness, including the 3.364% 2026 Notes and/or borrowings under the Revolving Credit Facility.
On November 3, 2026, our Board of Directors increased the amount of shares of our common stock that may be repurchased under the Repurchase Program by $100,000 to up to an aggregate of $200,000. As of November 3, 2026, the approximate dollar value of shares that may yet be purchased under the upsized Repurchase Program is $165,860.
On November 4, 2026, we announced the declaration of monthly dividends for our 7.50% Preferred Stock holders of record on the following dates based on an annual dividend rate equal to 7.50% of the stated value of $25.00 per share as set forth in the Articles Supplementary for the Preferred Stock, from the date of issuance or, if later from the most recent dividend payment date (the first business day of the month, with no additional dividend accruing in January as a result), as follows:
Monthly Cash 7.50% Preferred Shareholder Distribution
Record DatePayment DateMonthly Amount ($ per share), before pro ration for partial periods
December 202612/22/20261/4/2027$0.156250
January 20271/20/20272/1/2027$0.156250
February 20272/17/20273/1/2027$0.156250
On November 4, 2026, we announced the declaration of monthly dividends for our Floating Rate Preferred Stock for holders of record on the following dates based on an annualized dividend rate equal to 6.50% of the stated value of $25.00 per share as set forth in the Articles Supplementary for the Preferred Stock, from the date of issuance or, if later from the most recent dividend payment date (the first business day of the month, with no additional dividend accruing in January as a result), authorized on November 3, 2026, as follows:
Monthly Cash Floating Rate Preferred Shareholder DistributionRecord DatePayment DateMonthly Amount ($ per share), before pro ration for partial periods
December 202612/22/20261/4/2027$0.135417
January 20271/20/20272/1/2027$0.135417
February 20272/17/20273/1/2027$0.135417
On November 4, 2026, we announced the declaration of monthly dividends for our 5.50% Preferred Stock for holders of record on the following dates based on an annual dividend rate equal to 5.50% of the stated value of $25.00 per share as set forth in the Articles Supplementary for the Preferred Stock, from the date of issuance or, if later from the most recent dividend payment date (the first business day of the month, with no additional dividend accruing in January as a result), as follows:
Monthly Cash 5.50% Preferred Shareholder Distribution
Record DatePayment DateMonthly Amount ($ per share), before pro ration for partial periods
December 202612/22/20261/4/2027$0.114583
January 20271/20/20272/1/2027$0.114583
February 20272/17/20273/1/2027$0.114583
On November 4, 2026, we announced the declaration of monthly dividends for our 6.50% Preferred Stock for holders of record on the following dates based on an annual dividend rate equal to 6.50% of the stated value of $25.00 per share as set forth in the Articles Supplementary for the Preferred Stock, from the date of issuance or, if later from the most recent dividend payment date (the first business day of the month, with no additional dividend accruing in January as a result), as follows:
Monthly Cash 6.50% Preferred Shareholder Distribution
Record DatePayment DateMonthly Amount ($ per share), before pro ration for partial periods
December 202612/22/20261/4/2027$0.135417
January 20271/20/20272/1/2027$0.135417
February 20272/17/20273/1/2027$0.135417
On November 4, 2026, we announced the declaration of quarterly dividends for our 5.35% Preferred Stock for holders of record on the following dates based on an annual dividend rate equal to 5.35% of the stated value of $25.00 per share as set forth in the Articles Supplementary for the 5.35% Preferred Stock, from the date of issuance or, if later from the most recent dividend payment date (the first business day of the month), as follows:
Quarterly Cash 5.35% Preferred Shareholder Distribution
Record DatePayment DateAmount ($ per share)
November 2026 - January 20271/20/20272/1/2027$0.334375
On November 4, 2026, we announced the declaration of monthly dividends on our common stock as follows:
Monthly Cash Common Stockholder DistributionRecord DatePayment DateAmount ($ per share)
November 202611/25/202612/21/2026$0.0350
December 202612/29/20261/20/2027$0.0350
January 20271/27/20272/17/2027$0.0350