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v3.25.3

Bank credit lines, loan facilities and notes (Tables) | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The Company had the following debt outstanding as of September 30, 2025 and December 31, 2024:
|  | Interest rate as of | Principal amount as of
| Maturity Date | September 30, 2025 | December 31, 2024 | September 30, 2025 | December 31, 2024
|  |  |  | (in thousands)
Senior Secured Term Loan | July 2028 | 6.002 | % | 6.329 | % | $ | 924,129 |  | $ | 946,450 |
Senior Secured Notes (the "2026 Notes") | July 2026 | 2.875 | % | 2.875 | % | 500,000 |  | 500,000 |
Senior Secured Notes (the "2027 Notes")* | May 2027 | 5.809 | % | 5.809 | % | 750,000 |  | 750,000 |
Senior Secured Notes (the "2029 Notes")* | May 2029 | 5.849 | % | 5.849 | % | 750,000 |  | 750,000 |
Senior Secured Notes (the "2034 Notes")* | May 2034 | 6.000 | % | 6.000 | % | 500,000 |  | 500,000 |
Total debt |  |  |  | 3,424,129 |  | 3,446,450 |
Less current portion of debt |  |  |  | (529,762) |  | (29,762) |
Total long-term debt |  |  |  | 2,894,367 |  | 3,416,688 |
Less debt issuance costs and debt discount |  |  |  | (15,820) |  | (20,290) |
Total long-term debt, net |  |  |  | $ | 2,878,547 |  | $ | 3,396,398 |
*Issued May 8, 2024 During the quarter ended September 30, 2025, the Company drew down $nil (year ended December 31, 2024: $318.0 million) of the senior secured revolving loan facility and repaid $nil (year ended December 31, 2024: $373.0 million) as shown below. As at September 30, 2025, $nil (year ended December 31, 2024: $nil) was drawn under the senior secured revolving loan facility.
| Drawdown | Repayment | Closing Balance
| (in thousands)
Balance at January 1, 2024 |  |  | $ | 55,000 |
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) |  |
Quarter 1, 2025 | 50,000 |  | (50,000) |  | — |
Quarter 2, 2025 | — |  | — |  | — |
Quarter 3, 2025 | — |  | — |  | — |
Total drawdown / (repayments) in 2025 | $ | 50,000 |  | $ | (50,000) |  | $ | — |
Schedule of Contractual Maturities of Debt | As of September 30, 2025, the contractual maturities of the Company's debt obligations were as follows:
Contractual maturities of debt |  | (in thousands)
2025 (remaining) |  |  |  | $ | 7,441 |
2026 |  |  |  | 529,762 |
2027 |  |  |  | 779,762 |
2028 |  |  |  | 857,164 |
2029 and thereafter |  |  |  | 1,250,000 |
Total |  |  |  | $ | 3,424,129 |
Schedule of Principal Payments on Debt Instrument | Principal repayments on the senior secured term loan, comprising mandatory and voluntary repayments, during the nine months ended September 30, 2025 and year ended December 31, 2024 were as follows:
Principal repayments | (in thousands)
Quarter 1, 2024 |  | $ | (275,000) |
Quarter 2, 2024 |  | (2,014,882) |
Quarter 3, 2024 |  | (7,441) |
Quarter 4, 2024 |  | (7,440) |
Total repayments in 2024 |  | (2,304,763) |
Quarter 1, 2025 |  | (7,440) |
Quarter 2, 2025 |  | (7,441) |
Quarter 3, 2025 |  | (7,440) |
Total repayments in 2025 |  | $ | (22,321) |

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