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Bank credit lines and loan facilities (Tables) | 3 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The Company had the following debt outstanding as of March 31, 2024 and December 31, 2023:
|  | Interest rate as of | Principal amount
| Maturity Date | March 31, 2024 | December 31, 2023 | March 31, 2024 | December 31, 2023
|  |  |  | (in thousands)
Senior Secured Term Loan | July 2028 | 7.302 | % | 7.860 | % | $ | 2,976,213 |  | $ | 3,251,213 |
Senior Secured Notes | July 2026 | 2.875 | % | 2.875 | % | 500,000 |  | 500,000 |
Senior Secured Revolving Loan* | April 2024 | 6.179 | % | 6.720 | % | 50,000 |  | 55,000 |
Total debt |  |  |  | 3,526,213 |  | 3,806,213 |
Less current portion of debt |  |  |  | (79,762) |  | (110,150) |
Total long-term debt |  |  |  | 3,446,451 |  | 3,696,063 |
Less debt issuance costs and debt discount |  |  |  | (26,717) |  | (30,624) |
Total long-term debt, net |  |  |  | $ | 3,419,734 |  | $ | 3,665,439 |
* The final maturity date of the Senior Secured Revolving Loan facility is July 2026.
|  | Drawdown | Repayment | Closing Balance
|  | (in thousands)
Quarter 1, 2023 |  | $ | 180,000 |  | $ | 100,000 |  | $ | 80,000 |
Quarter 2, 2023 |  | 50,000 |  | 80,000 |  | 50,000 |
Quarter 3, 2023 |  | 75,000 |  | 50,000 |  | 75,000 |
Quarter 4, 2023 |  | 65,000 |  | 85,000 |  | 55,000 |
Total drawdown/repayments in 2023 |  | 370,000 |  | 315,000 |  |
Quarter 1, 2024 |  | 50,000 |  | 55,000 |  | 50,000 |
Total drawdown/repayments in 2024 |  | $ | 50,000 |  | $ | 55,000 |  |
Schedule of Contractual Maturities of Debt | As of March 31, 2024, the contractual maturities of the Company's debt obligations were as follows:
Contractual maturities of debt |  | (in thousands)
2024 (remaining) |  |  |  | $ | 79,762 |
2025 |  |  |  | 29,762 |
2026 |  |  |  | 529,762 |
2027 |  |  |  | 29,762 |
2028 and thereafter |  |  |  | 2,857,165 |
Total |  |  |  | $ | 3,526,213 |
Schedule of Principal Payments on Debt Instrument | Principal repayments, comprising mandatory and voluntary repayments, during the quarter ended March 31, 2024 and year ended December 31, 2023 were as follows:
Principal repayments | (in thousands)
Quarter 1, 2023 |  | $ | 250,000 |
Quarter 2, 2023 |  | 150,000 |
Quarter 3, 2023 |  | 300,000 |
Quarter 4, 2023 |  | 250,000 |
Total repayments in 2023 |  | 950,000 |
Quarter 1, 2024 |  | 275,000 |
Total repayments in 2024 |  | $ | 275,000 |

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