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Senior Notes | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Senior Notes | NOTE 10 – Senior Notes The following table summarizes our senior notes as of September 30, 2023 and December 31, 2022 (in thousands):
|  | September 30, 2023 |  |  | December 31, 2022 |
4.25% senior notes, due 2024 (1) |  | $ | 500,000 |  |  | $ | 500,000 |
4.00% senior notes, due 2030 (2) |  |  | 400,000 |  |  |  | 400,000 |
5.20% senior notes, due 2047 (3) |  |  | 225,000 |  |  |  | 225,000 |
|  |  | 1,125,000 |  |  |  | 1,125,000 |
Debt issuance costs, net |  |  | (9,640 | ) |  |  | (10,446 | )
Senior notes, net |  | $ | 1,115,360 |  |  | $ | 1,114,554 |
(1) In July 2014, we sold in a registered underwritten public offering, $300.0 million in aggregate principal amount of 4.25% senior notes due July 2024. Interest on these senior notes is payable semi-annually in arrears. We may redeem the notes in whole or in part, at our option, at a redemption price equal to 100% of their principal amount, plus a “make-whole” premium and accrued and unpaid interest, if any, to the date of redemption. In July 2016, we issued an additional $200.0 million in aggregate principal amount of 4.25% senior notes due 2024. (2) In May 2020, we sold in a registered underwritten public offering, $400.0 million in aggregate principal amount of 4.00% senior notes due May 2030. Interest on these senior notes is payable semi-annually in arrears. We may redeem the notes in whole or in part, at our option, at a redemption price equal to the greater of a) 100% of their principal amount, or b) discounted present value at Treasury rate plus 50 basis points prior to February 15, 2030, and on or after February 15, 2030, at 100% of their principal amount, and accrued and unpaid interest, if any, to the date of redemption. (3) In October 2017, we completed the pricing of a registered underwritten public offering of $200.0 million in aggregate principal amount of 5.20% senior notes due October 2047. Interest on the senior notes is payable quarterly in arrears. On or after October 15, 2022, we may redeem some or all of the senior notes at any time at a redemption price equal to 100% of the principal amount of the notes being redeemed plus accrued interest thereon to the redemption date. On October 27, 2017, we completed the sale of an additional $25.0 million aggregate principal amount of Notes pursuant to the over-allotment option. Our senior notes mature as follows, based upon contractual terms (in thousands):
2023 |  | $ | — |
2024 |  |  | 500,000 |
2025 |  |  | — |
2026 |  |  | — |
2027 |  |  | — |
Thereafter |  |  | 625,000 |
|  | $ | 1,125,000 |

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