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Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Debt |
Summary of Debt and Finance Lease Obligations | The Company’s debt and finance lease obligations at December 31 consisted of (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020
$700M Revolving Credit Facility | ​ | $ | 190,000 | ​ | $ | 106,000
$300M Term Loan A | ​ |  | 300,000 | ​ |  | 300,000
$500M Term Loan B | ​ |  | 376,250 | ​ |  | 381,250
$400M Senior Notes | ​ |  | — | ​ |  | 400,000
$600M Senior Notes | ​ | ​ | 600,000 | ​ | ​ | —
$700M Senior Notes | ​ | ​ | 700,000 | ​ | ​ | 700,000
$800M Gaylord Rockies Term Loan | ​ | ​ | 800,000 | ​ | ​ | 800,000
Finance lease obligations | ​ |  | 884 | ​ |  | 1,095
Unamortized deferred financing costs | ​ | ​ | (32,203) | ​ | ​ | (32,504)
Unamortized premium | ​ | ​ | 1,888 | ​ | ​ | 2,167
Total debt | ​ | $ | 2,936,819 | ​ | $ | 2,658,008
​
Annual Maturities of Long-Term Debt Excluding Finance Lease Obligations | Annual maturities of long-term debt, excluding finance lease obligations, are as follows (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Years | ​ | ​ | ​
​ | 2022 | ​ | 2023 | ​ | 2024 | ​ | 2025 | ​ | 2026 | ​ | Thereafter | ​ | Total
$700M Revolving Credit Facility | $ | — | ​ | $ | — | ​ | $ | 190,000 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 190,000
$300M Term Loan A | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 300,000 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 300,000
$500M Term Loan B | ​ | 5,000 | ​ | ​ | 5,000 | ​ | ​ | 366,250 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 376,250
$600M 4.50% Senior Notes | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 600,000 | ​ | ​ | 600,000
$700M 4.75% Senior Notes | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 700,000 | ​ | ​ | 700,000
$800M Gaylord Rockies Term Loan | ​ | — | ​ | ​ | 800,000 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 800,000
Total | $ | 5,000 | ​ | $ | 805,000 | ​ | $ | 556,250 | ​ | $ | 300,000 | ​ | $ | — | ​ | $ | 1,300,000 | ​ | $ | 2,966,250
​
Schedule of Fair Value of the Company's Derivative Financial Instruments | The estimated fair values of the Company’s derivative financial instruments at December 31 are as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Estimated Fair Value
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Asset (Liability) Balance
​ | ​ | ​ | ​ | Strike | ​ | ​ | ​ | ​ | ​ | Notional | ​ | December 31, | ​ | December 31,
Hedged Debt | ​ | Type | ​ | Rate | ​ | Index | ​ | Maturity Date | ​ | Amount | ​ | 2021 | ​ | 2020
Term Loan B | ​ | Interest Rate Swap | ​ | 1.2235% | ​ | 1-month LIBOR | ​ | May 11, 2023 | ​ | $ 87,500 | ​ | $ | (733) | ​ | $ | (2,206)
Term Loan B | ​ | Interest Rate Swap | ​ | 1.2235% | ​ | 1-month LIBOR | ​ | May 11, 2023 | ​ | $ 87,500 | ​ | ​ | (733) | ​ | ​ | (2,206)
Term Loan B | ​ | Interest Rate Swap | ​ | 1.2235% | ​ | 1-month LIBOR | ​ | May 11, 2023 | ​ | $ 87,500 | ​ | ​ | (733) | ​ | ​ | (2,206)
Term Loan B | ​ | Interest Rate Swap | ​ | 1.2315% | ​ | 1-month LIBOR | ​ | May 11, 2023 | ​ | $ 87,500 | ​ | ​ | (742) | ​ | ​ | (2,222)
Gaylord Rockies Term Loan | ​ | Interest Rate Swap | ​ | 1.6500% | ​ | 1-month LIBOR | ​ | August 1, 2022 | ​ | $ 800,000 | ​ | ​ | (6,421) | ​ | ​ | (18,979)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (9,362) | ​ | $ | (27,819)
Summary of Effect of Derivative Financial Instruments on the Accompanying Consolidated Statements of Operations | ​ The effect of the Company’s derivative financial instruments on the accompanying consolidated statements of operations and comprehensive loss for the years ended December 31 is as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amount of Gain (Loss) | ​ | Location of Gain (Loss) | Amount of Gain (Loss)
​ | ​ | Recognized in OCI | ​ | Reclassified from | Reclassified from Accumulated
​ | ​ | on Derivative | ​ | Accumulated OCI | ​ | OCI into Income (Expense)
​ | ​ | 2021 | ​ | 2020 |  | into Income (Expense) |  | 2021 | ​ | 2020
Derivatives in Cash Flow Hedging Relationships: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | $ | 1,955 | ​ | $ | (39,958) | ​ | Interest expense | ​ | $ | (16,501) | ​ | $ | (10,505)
Total derivatives | ​ | $ | 1,955 | ​ | $ | (39,958) | ​ | ​ | ​ | ​ | ​ | $ | (16,501) | ​ | $ | (10,505)
​

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