Debt (Tables)

6 Months Ended

Sep. 30, 2024

Debt consisted of the following on the dates below:


	September 30, 2024				March 31, 2024
	Interest Rate		Outstanding Balance		Interest Rate		Outstanding Balance
Term Loan A	6.597	%	$	1,567,500	6.677	%	$	1,588,125



Senior Notes due 2028	3.875	%	700,000		3.875	%	700,000
Senior Notes due 2029	4.000	%	500,000		4.000	%	500,000
Senior Notes due 2033	5.950	%	650,000		5.950	%	650,000
Less: Unamortized debt issuance costs and discount on debt			(24,225)				(26,309)
Total			3,393,275				3,411,816
Less: Current portion of long-term debt			(82,500)				(61,875)
Long-term debt, net of current portion			$	3,310,775			$	3,349,941

The following table summarizes the material terms of the Company’s Senior Notes as of September 30, 2024:


	Indenture Date	Principal		Interest Rate	Maturity Date	Interest Payable	Issuance Costs
Senior Notes due 2033	8/4/2023	$	650,000	5.950%	8/4/2033	February and August 4	$	12,400
Senior Notes due 2029	6/17/2021	500,000		4.000%	7/1/2029	July and January 1	6,500
Senior Notes due 2028	8/24/2020	700,000		3.875%	9/1/2028	March and September 1	9,200
Total		$	1,850,000				$	28,100

Schedule of Interest Expense

Interest expense consisted of the following:


	Three Months Ended September 30,				Six Months Ended September 30,
	2024		2023		2024		2023
	(In thousands)				(In thousands)
Term Loan A	26,836		27,312		53,623		53,415
Revolving Credit Facility	—		1,420		—		1,438
Senior Notes	21,450		18,012		42,900		29,793
Amortization of Debt Issuance Cost (DIC) and Original Issue Discount (OID) (1)	1,370		1,218		2,721		2,245
Interest Rate Swaps	(2,702)		(3,702)		(6,461)		(7,271)
Other	91		496		193		610
Total Interest Expense	$	47,045	$	44,756	$	92,976	$	80,230

(1) DIC and OID on the Term Loans and Senior Notes are recorded as a reduction of long-term debt in the condensed consolidated balance sheet and are amortized ratably over the life of the related debt using the effective rate method. DIC on the Company’s Revolving Credit Facility is recorded as a long-term asset on the condensed consolidated balance sheet and amortized ratably over the term of the Revolving Credit Facility.