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v3.22.2.2

Debt (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Debt |
Summary of Debt and Finance Lease Obligations | The Company’s debt and finance lease obligations at September 30, 2022 and December 31, 2021 consisted of (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
​ |  | 2022 |  | 2021
$700M Revolving Credit Facility, interest at LIBOR plus 1.55%, maturing March 31, 2024 | ​ | $ | — | ​ | $ | 190,000
$300M Term Loan A, interest at LIBOR plus 2.25%, original maturity March 31, 2025 | ​ |  | — | ​ |  | 300,000
$500M Term Loan B, interest at LIBOR plus 2.00%, maturing May 11, 2024 | ​ |  | 372,500 | ​ |  | 376,250
$600M Senior Notes, interest at 4.50%, maturing February 15, 2029 | ​ |  | 600,000 | ​ |  | 600,000
$700M Senior Notes, interest at 4.75%, maturing October 15, 2027 | ​ |  | 700,000 | ​ |  | 700,000
$800M Gaylord Rockies Term Loan, interest at LIBOR plus 2.50%, maturing July 2, 2023 | ​ |  | 800,000 | ​ |  | 800,000
$300M OEG Term Loan, interest at SOFR plus 5.00%, maturing June 16, 2029 (Note 2) | ​ |  | 300,000 | ​ |  | —
$65M OEG Revolver, interest at SOFR plus 4.75%, maturing June 16, 2027 (Note 2) | ​ |  | — | ​ |  | —
Block 21 CMBS Loan, interest at 5.58%, maturing January 5, 2026 | ​ | ​ | 135,308 | ​ | ​ | —
Finance lease obligations | ​ | ​ | 721 | ​ | ​ | 884
Unamortized deferred financing costs | ​ | ​ | (32,200) | ​ | ​ | (32,203)
Unamortized premium (discount) | ​ | ​ | (13,248) | ​ | ​ | 1,888
Total debt | ​ | $ | 2,863,081 | ​ | $ | 2,936,819
Schedule of Fair Value of the Company's Derivative Financial Instruments | The estimated fair value of the Company’s derivative financial instruments at September 30, 2022 and December 31, 2021 is as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Estimated Fair Value
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Asset (Liability) Balance
​ | ​ | ​ | ​ | Strike | ​ | ​ | ​ | ​ | ​ | Notional | ​ | September 30, | ​ | December 31,
Hedged Debt | ​ | Type | ​ | Rate | ​ | Index | ​ | Maturity Date | ​ | Amount | ​ | 2022 | ​ | 2021
Term Loan B | ​ | Interest Rate Swap | ​ | 1.2235% | ​ | 1-month LIBOR | ​ | May 11, 2023 | ​ | $ 87,500 | ​ | $ | 1,586 | ​ | $ | (733)
Term Loan B | ​ | Interest Rate Swap | ​ | 1.2235% | ​ | 1-month LIBOR | ​ | May 11, 2023 | ​ | $ 87,500 | ​ | ​ | 1,586 | ​ | ​ | (733)
Term Loan B | ​ | Interest Rate Swap | ​ | 1.2235% | ​ | 1-month LIBOR | ​ | May 11, 2023 | ​ | $ 87,500 | ​ | ​ | 1,586 | ​ | ​ | (733)
Term Loan B | ​ | Interest Rate Swap | ​ | 1.2315% | ​ | 1-month LIBOR | ​ | May 11, 2023 | ​ | $ 87,500 | ​ | ​ | 1,579 | ​ | ​ | (742)
Gaylord Rockies Term Loan | ​ | Interest Rate Swap | ​ | 1.6500% | ​ | 1-month LIBOR | ​ | August 1, 2022 | ​ | $ 800,000 | ​ | ​ | - | ​ | ​ | (6,421)
Gaylord Rockies Term Loan | ​ | Interest Rate Swap | ​ | 3.3410% | ​ | 1-month LIBOR | ​ | August 1, 2023 | ​ | $ 800,000 | ​ | ​ | 6,318 | ​ | ​ | -
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 12,655 | ​ | $ | (9,362)
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 condensed consolidated statements of operations for the respective periods is as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amount of Gain (Loss) | ​ | ​ | ​ | ​ | ​ | Amount of Gain (Loss) | ​
​ | ​ | Recognized in OCI | ​ | ​ | ​ | ​ | ​ | Reclassified from Accumulated | ​
​ | ​ | on Derivative | ​ | Location of Gain (Loss) | ​ | OCI into Income (Expense) | ​
​ | ​ | Three Months Ended | ​ | Reclassified from | Three Months Ended | ​
​ | ​ | September 30, | ​ | Accumulated OCI | ​ | September 30, | ​
​ | ​ | 2022 | ​ | 2021 |  | into Income (Expense) |  | 2022 | ​ | 2021 |
Derivatives in Cash Flow Hedging Relationships: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | $ | 7,453 | ​ | $ | (546) | ​ | Interest expense | ​ | $ | (251) | ​ | $ | (4,187) | ​
Total derivatives | ​ | $ | 7,453 | ​ | $ | (546) | ​ | ​ | ​ | ​ | ​ | $ | (251) | ​ | $ | (4,187) | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amount of Gain (Loss) | ​ | ​ | ​ | ​ | ​ | Amount of Gain (Loss) | ​
​ | ​ | Recognized in OCI on | ​ | ​ | ​ | ​ | ​ | Reclassified from Accumulated | ​
​ | ​ | Derivative | ​ | Location of Gain (Loss) | ​ | OCI into Income (Expense) | ​
​ | ​ | Nine Months Ended | ​ | Reclassified from | ​ | Nine Months Ended | ​
​ | ​ | September 30, | ​ | Accumulated OCI | ​ | September 30, | ​
​ | ​ | 2022 | ​ | 2021 |  | into Income (Expense) |  | 2022 | ​ | 2021 |
Derivatives in Cash Flow Hedging Relationships: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | $ | 15,642 | ​ | $ | (370) | ​ | Interest expense | ​ | $ | (6,375) | ​ | $ | (12,298) | ​
Total derivatives | ​ | $ | 15,642 | ​ | $ | (370) | ​ | ​ | ​ | ​ | ​ | $ | (6,375) | ​ | $ | (12,298) | ​

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