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Senior Notes | 12 Months Ended
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Sep. 30, 2020
Debt Disclosure [Abstract] |
Senior Notes | Senior Notes On July 14, 2010, we issued $245 million of senior notes in a private placement to a group of institutional investors (the “2010 Senior Notes”). The 2010 Senior Notes were issued in four series as follows:
Series | Amount | Interest Rate | Maturity Date
| (In millions) |  |
E | $ | 60.0 |  | 4.72 | % | July 14, 2016
F | $ | 72.0 |  | 5.04 | % | July 14, 2017
G | $ | 28.0 |  | 5.42 | % | July 14, 2019
H | $ | 85.0 |  | 5.59 | % | July 14, 2020
On July 14, 2020, the aggregate principal amount of Series H of 2010 Senior Notes was repaid at maturity. At September 30, 2020, the 2010 Senior Notes were no longer outstanding. On May 8, 2018, we issued $400 million of senior notes in a private offering to qualified institutional investors (the “2018 Senior Notes”). The 2018 Senior Notes require interest payments semi-annually at a rate of 5.25% per annum and will mature on May 15, 2026. On December 6, 2019, we issued $350 million of senior notes in a private offering to qualified institutional investors (the “2019 Senior Notes,” along with the 2010 Senior Notes and 2018 Senior Notes, the “Senior Notes”). We used the net proceeds to repay a large portion of the outstanding balance on our revolving credit facility. The 2019 Senior Notes require interest payments semi-annually at a rate of 4.00% per annum and will mature on June 15, 2028. The indentures for the 2018 Senior Notes and the 2019 Senior Notes contain certain covenants typical of unsecured obligations. The following table presents the carrying amounts and fair values for the Senior Notes at September 30, 2020 and 2019:
| September 30, 2020 |  | September 30, 2019
| Face Value (*) |  | Fair Value |  | Face Value (*) |  | Fair Value
| (In thousands)
The 2010 Senior Notes | $ | — |  |  | $ | — |  |  | $ | 85,000 |  |  | $ | 86,121 |
The 2018 Senior Notes | 400,000 |  |  | 442,000 |  |  | 400,000 |  |  | 428,000 |
The 2019 Senior Notes | 350,000 |  |  | 358,750 |  |  | — |  |  | — |
Total | $ | 750,000 |  |  | $ | 800,750 |  |  | $ | 485,000 |  |  | $ | 514,121 |
(*) The carrying value of the Senior Notes was reduced by the net debt issuance costs of $10.6 million and $5.2 million at September 30, 2020 and 2019, respectively. Future principal payments for the Senior Notes are as follows (in thousands):
Year Ending September 30, |
2021 | $ | — |
2022 | — |
2023 | — |
2024 | — |
2025 | — |
Thereafter | 750,000 |
Total | $ | 750,000 |

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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