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Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt consisted of the following (amounts in thousands):

			December 31,
			2025						2024
Term Loan B Facility due March 14, 2031, interest at margin above SOFR or base rate (5.72% and 6.38% at December 31, 2025 and 2024, respectively), net of unamortized discount and deferred costs of $17.8 million and $20.6 million at December 31, 2025 and 2024, respectively			$	1,524,766					$	1,537,591
Revolving Credit Facility due March 14, 2029, interest at a margin above SOFR or base rate (5.22% and 5.86% at December 31, 2025 and 2024, respectively)			155,000						155,000
6.625% Senior Notes due March 15, 2032, net of unamortized deferred issuance costs of $5.5 million and $6.2 million at December 31, 2025 and 2024, respectively			494,498						493,810
4.625% Senior Notes due December 1, 2031, net of unamortized deferred issuance costs of $3.9 million and $4.5 million at December 31, 2025 and 2024, respectively			496,095						495,537
4.50% Senior Notes due February 15, 2028, net of unamortized discount and deferred issuance costs of $2.5 million and $3.6 million at December 31, 2025 and 2024, respectively			688,279						687,178
Other long-term debt, weighted-average interest of 5.50% and 3.88% at December 31, 2025 and 2024, respectively, net of unamortized discount and deferred issuance costs of $0.1 million at December 31, 2025 and 2024, respectively			37,110						38,364
Total long-term debt			3,395,748						3,407,480
Current portion of long-term debt			(17,247)						(52,913)
Long-term debt, net			$	3,378,501					$	3,354,567

Debt Instrument Redemption 4.50% Notes

Station LLC may redeem all or a portion of the 4.50% Senior Notes at a redemption price equal to 100.00% of the principal amount plus accrued and unpaid interest.

Schedule of Maturities of Long-term Debt

Principal Maturities

As of December 31, 2025, scheduled principal maturities of Station LLC’s long-term debt for each of the next five years and thereafter were as follows (amounts in thousands):

Years Ending December 31,
2026			$	17,247
2027			17,247
2028			708,043
2029			17,247
2030			46,007
Thereafter			2,619,731
			3,425,522
Debt discounts and issuance costs			(29,774)
			$	3,395,748

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