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Note 6 - Long-term Debt

9 Months Ended

Sep. 30, 2024

NOTE 6. LONG-TERM DEBT

Long-term debt, net of current maturities and debt issuance costs, consists of the following:

	*September 30, 2024*
	*Interest*					*Unamortized*
	*Rates at*					*Origination*
	*September 30,*			*Outstanding*		*Fees and*			*Long-Term*
*(In thousands)*	*2024*			*Principal*		*Costs*			*Debt, Net*
Credit facility		6.685	%	$	1,194,600	$	(10,177	)	$	1,184,423
4.750% senior notes due 2027		4.750	%		1,000,000		(6,331	)		993,669
4.750% senior notes due 2031		4.750	%		900,000		(9,100	)		890,900
Other		5.208	%		364		—			364
Total long-term debt					3,094,964		(25,608	)		3,069,356
Less current maturities					44,364		—			44,364
Long-term debt, net				$	3,050,600	$	(25,608	)	$	3,024,992

	December 31, 2023
	Interest					Unamortized
	Rates at					Origination
	December 31,			Outstanding		Fees and			Long-Term
*(In thousands)*	2023			Principal		Costs			Debt, Net
Credit facility		7.164	%	$	1,046,300	$	(13,403	)	$	1,032,897
4.750% senior notes due 2027		4.750	%		1,000,000		(7,792	)		992,208
4.750% senior notes due 2031		4.750	%		900,000		(10,111	)		889,889
Other		5.208	%		504		—			504
Total long-term debt					2,946,804		(31,306	)		2,915,498
Less current maturities					44,275		—			44,275
Long-term debt, net				$	2,902,529	$	(31,306	)	$	2,871,223

The outstanding principal amounts under the Credit Facility are comprised of the following:

	*September 30,*		*December 31,*
*(In thousands)*	*2024*		*2023*
Revolving Credit Facility	$	380,000	$	180,000
Term A Loan		770,000		803,000
Swing Loan		44,600		63,300
Total outstanding principal amounts	$	1,194,600	$	1,046,300

With a total revolving credit commitment of $1,450.0 million available under the Credit Facility, $380.0 million and $44.6 million in borrowings outstanding on the Revolving Credit Facility and the Swing Loan, respectively, and $13.0 million allocated to support various letters of credit, there was a remaining contractual availability under the Credit Facility of $1,012.4 million as of September 30, 2024.

Covenant Compliance

As of September 30, 2024, we were in compliance with the financial covenants of our debt instruments.