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Bank Credit Lines, Loan Facilities and Notes (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The Company had the following debt outstanding as of December 31, 2024 and December 31, 2023:
|  | Interest rate as of | Principal amount as of
| Maturity Date | December 31, 2024 | December 31, 2023 | December 31, 2024 | December 31, 2023
|  |  |  | (in thousands)
Senior Secured Term Loan | July 2028 | 6.329 | % | 7.860 | % | $ | 946,450 |  | $ | 3,251,213 |
Senior Secured Notes (the "2026 Notes") | July 2026 | 2.875 | % | 2.875 | % | 500,000 |  | 500,000 |
Senior Secured Revolving Loan |  | — |  | 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 |  |  |  | 3,446,450 |  | 3,806,213 |
Less current portion of debt |  |  |  | (29,762) |  | (110,150) |
Total long-term debt |  |  |  | 3,416,688 |  | 3,696,063 |
Less debt issuance costs and debt discount |  |  |  | (20,290) |  | (30,624) |
Total long-term debt, net |  |  |  | $ | 3,396,398 |  | $ | 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) |  | — |
Quarter 4, 2024 | 75,000 |  | (75,000) |  | — |
Total drawdown / (repayments) in 2024 | $ | 318,000 |  | $ | (373,000) |  |
Schedule of Financing Cost |
| Year ended
| December 31, 2024 | December 31, 2023 | December 31, 2022
| (in thousands)
Interest expense on drawn facilities | $ | 206,198 |  | $ | 311,019 |  | $ | 209,189 |
Amortization of merger related financing fees | 23,533 |  | 16,402 |  | 17,749 |
Other financing costs* | 7,506 |  | 9,278 |  | 2,793 |
Total financing costs | $ | 237,237 |  | $ | 336,699 |  | $ | 229,731 |
*Includes costs associated with the senior secured revolving loan facility.
Schedule of Maturities of Long-term Debt | As of December 31, 2024, the contractual maturities of the Company's debt obligations were as follows:
Maturities of debt: |  | (in thousands)
2025 |  |  |  | $ | 29,762 |
2026 |  |  |  | 529,762 |
2027 |  |  |  | 779,762 |
2028 |  |  |  | 857,164 |
2029 and thereafter |  |  |  | 1,250,000 |
Total |  |  |  | $ | 3,446,450 |
Schedule of Principal Payments on Debt Instrument | Principal repayments, comprising mandatory and voluntary repayments, during the year ended December 31, 2024 and December 31, 2023 were as follows:
Principal repayments | December 31, 2024 | December 31, 2023
| (in thousands)
Quarter 1 | $ | (275,000) |  | $ | (250,000) |
Quarter 2 | (2,014,882) |  | (150,000) |
Quarter 3 | (7,441) |  | (300,000) |
Quarter 4 | (7,440) |  | (250,000) |
Total repayments | $ | (2,304,763) |  | $ | (950,000) |

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