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Long-term debt (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Long-term Debt
Long-term debt comprised the following:
As of March 31, 2025
March 31,
2025		December 31, 2024Maturity dateInterest rate
Estimated fair value(1)
Senior Secured Credit Facilities:  
Term Loan A-1(2)
$2,229,567 $2,259,295 4/28/2028Base +1.75%$2,226,780 
Term Loan B-11,632,050 1,636,150 5/9/2031SOFR + 2.00%$1,630,010 
Revolving line of credit(2)
425,000 — 4/28/2028Base +1.75%$425,000 
Senior Notes:
4.625% Senior Notes2,750,000 2,750,000 6/1/20304.625 %$2,536,875 
3.75% Senior Notes1,500,000 1,500,000 2/15/20313.75 %$1,304,535 
6.875% Senior Notes1,000,000 1,000,000 9/1/20326.875 %$1,005,000 
Acquisition obligations and other notes payable(3)
53,990 56,483 2025-20385.55 %$53,990 
Financing lease obligations(4)
208,825 216,401 2026-20394.56 %
CHC temporary funding assistance— 92,777 $— 
Total debt principal outstanding9,799,432 9,511,106 
Discount, premium and deferred financing costs(5)
(61,039)(64,336)
 9,738,393 9,446,770 
Less current portion(178,648)(270,867)
 $9,559,745 $9,175,903 
(1)For the Company's senior secured credit facilities, fair value estimates are based on bid and ask quotes, a level 2 input. For the Company's senior notes, fair value estimates are based on market level 1 inputs. For acquisition obligations and other notes payable, the carrying values presented here approximate their estimated fair values, based on estimates of their present values typically using level 2 interest rate inputs.
(2)The Company's senior secured credit facilities bear interest at Term SOFR, plus an interest rate margin, with certain portions also subject to a credit spread adjustment (CSA). Term SOFR plus CSA is referred to as "Base" in the table above. The Term Loan A-1 and revolving line of credit bear a CSA of 0.10%.
(3)The interest rate presented for acquisition obligations and other notes payable is their weighted average interest rate based on the current fixed and variable interest rate components in effect as of March 31, 2025.
(4)Financing lease obligations are measured at their approximate present values at inception. The interest rate presented is the weighted average discount rate embedded in financing leases outstanding.
(5)As of March 31, 2025, the carrying amount of the Company's senior secured credit facilities has been reduced by a discount of $7,759 and deferred financing costs of $26,965, and the carrying amount of the Company's senior notes has been reduced by deferred financing costs of $36,081 and increased by a debt premium of $9,766. As of December 31, 2024, the carrying amount of the Company's senior secured credit facilities was reduced by a discount of $8,084 and deferred financing costs of $28,879, and the carrying amount of the Company's senior notes was reduced by deferred financing costs of $37,612 and increased by a debt premium of $10,239.
Schedule of Derivative Instruments
The following table summarizes the Company’s interest rate cap agreements outstanding as of March 31, 2025: 
Year cap agreements executedInitial notional amountSOFR maximum rateApproximate effective dateMaturity dateNotional amount effective
through December 31
2025202620272028
2023$2,000,000 3.75%6/30/202412/31/2025$1,250,000 
2023$1,000,000 4.00%6/30/202412/31/2025$750,000 
2023$500,000 4.50%6/30/202412/31/2026$500,000 $500,000 
2023$250,000 4.50%12/31/202412/31/2025$250,000 
2023$750,000 4.00%12/31/202412/31/2026$750,000 $500,000 
2024$1,750,000 
4.50%(1)
12/31/202512/31/2027$1,750,000 $1,000,000 
2024$750,000 
4.00%(2)
12/31/202512/31/2027$750,000 $500,000 
2025$1,000,000 
4.50%(3)
12/31/202612/31/2028$1,000,000 $750,000 
Total notional coverage$3,500,000 $3,500,000 $2,500,000 $750,000 
Weighted average strike rate4.02%4.32%4.55%4.75%
(1)Effective December 31, 2026, the maximum rate of 4.50% increases to 4.75% for these interest rate caps.
(2)Effective December 31, 2026, the maximum rate of 4.00% increases to 4.25% for these interest rate caps.
(3)Effective December 31, 2027, the maximum rate of 4.50% increases to 4.75% for these interest rate caps.