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v3.24.3

Bank credit lines, loan facilities and notes (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The Company had the following debt outstanding as of September 30, 2024 and December 31, 2023:
|  | Interest rate as of | Principal amount
| Maturity Date | September 30, 2024 | December 31, 2023 | September 30, 2024 | December 31, 2023
|  |  |  | (in thousands)
Senior Secured Term Loan | July 2028 | 6.604 | % | 7.860 | % | $ | 953,890 |  | $ | 3,251,213 |
Senior Secured Notes (the "2026 Notes") | July 2026 | 2.875 | % | 2.875 | % | 500,000 |  | 500,000 |
Senior Secured Revolving Loan | July 2026 | — | % | 6.720 | % | — |  | 55,000 |
Senior Secured Notes (the "2027 Notes")* | May 2027 | 5.809 | % | — | % | 750,000 |  | — |
Senior Secured Notes (the "2029 Notes")* | May 2029 | 5.849 | % | — | % | 750,000 |  | — |
Senior Secured Notes (the "2034 Notes")* | May 2034 | 6.000 | % | — | % | 500,000 |  | — |
Total debt |  |  |  | 3,453,890 |  | 3,806,213 |
Less current portion of debt |  |  |  | (29,762) |  | (110,150) |
Total long-term debt |  |  |  | 3,424,128 |  | 3,696,063 |
Less debt issuance costs and debt discount |  |  |  | (21,760) |  | (30,624) |
Total long-term debt, net |  |  |  | $ | 3,402,368 |  | $ | 3,665,439 |
*Issued May 8, 2024
|  | 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 |
Quarter 2, 2024 |  | 143,000 |  | (193,000) |  | — |
Quarter 3, 2024 |  | 50,000 |  | (50,000) |  | — |
Total drawdown/(repayments) in 2024 |  | $ | 243,000 |  | $ | (298,000) |  | $ | — |
Schedule of Contractual Maturities of Debt | As of September 30, 2024, the contractual maturities of the Company's debt obligations were as follows:
Contractual maturities of debt |  | (in thousands)
2024 (remaining) |  |  |  | $ | 7,441 |
2025 |  |  |  | 29,762 |
2026 |  |  |  | 529,762 |
2027 |  |  |  | 779,762 |
2028 and thereafter |  |  |  | 2,107,163 |
Total |  |  |  | $ | 3,453,890 |
Schedule of Principal Payments on Debt Instrument | Principal repayments, comprising mandatory and voluntary repayments, during the nine months ended September 30, 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) |
Quarter 2, 2024 |  | (2,014,882) |
Quarter 3, 2024 |  | (7,441) |
Total repayments in 2024 |  | $ | (2,297,323) |

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