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Long-term Debt
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Long-term Debt Long-term Debt
Our long-term debt outstanding consists of the following (in millions):
September 30, 2024December 31, 2023
Credit Agreement—  
Advances under revolving credit facility$— $— 
Bonds payable—
5.75% Senior Notes due 2025
199.5 348.5 
4.50% Senior Notes due 2028
787.5 785.0 
4.75% Senior Notes due 2030
783.5 781.5 
4.625% Senior Notes due 2031
392.3 391.5 
Other notes payable90.7 66.0 
Finance lease obligations324.0 340.1 
2,577.5 2,712.6 
Less: Current portion(233.0)(24.8)
Long-term debt, net of current portion$2,344.5 $2,687.8 
The following chart shows scheduled principal payments due on long-term debt for the next five years and thereafter (in millions):
Face AmountNet Amount
October 1 through December 31, 2024$6.7 $6.7 
2025237.5 237.0 
202637.3 37.3 
202744.4 44.4 
2028833.0 820.5 
202941.7 41.7 
Thereafter1,414.2 1,389.9 
Total$2,614.8 $2,577.5 
In August 2024, we redeemed $150 million of the outstanding principal balance of our 5.75% Senior Notes due 2025 (the “2025 Notes”) using cash on hand. Pursuant to the terms of the 2025 Notes, this optional redemption was made at a price of par. As a result of this redemption, we recorded a $0.4 million Loss on early extinguishment of debt during the three months ended September 30, 2024.
On October 22, 2024, we issued notice for redemption of $100 million of the outstanding principal balance of our 2025 Notes. The associated redemption date will be November 21, 2024, and the redemption price will be 100.0% of par, plus accrued and unpaid interest pursuant to the terms of the 2025 Notes. We plan to use cash on hand to fund the redemption. As a result of this redemption, we expect to record an approximate $0.2 million Loss on early extinguishment of debt in the fourth quarter of 2024.
In September 2023, we purchased our Treasure Coast hospital real estate in Vero Beach, Florida from Ocean Health Associates, LTD. (“Ocean Health”) for $21.4 million. Prior to the purchase, we leased the real estate from Ocean Health. As a result of our determination in the third quarter of 2023, the lease classification was changed from an operating lease to a financing lease. The $21.4 million payment is included in Principal payments under finance lease obligations on the condensed consolidated statement of cash flows for the nine months ended September 30, 2023.