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DEBT (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
DEBT |
Summary of Debt and Finance Lease Obligations | The Company’s debt and finance lease obligations at June 30, 2024 and December 31, 2023 consisted of (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
​ |  | 2024 |  | 2023
$700M Revolving Credit Facility, interest at SOFR plus 1.50%, maturing May 18, 2027 | ​ | $ | — | ​ | $ | —
Term Loan B, interest at SOFR plus 2.25%, maturing May 18, 2030 | ​ |  | 294,263 | ​ |  | 496,250
Senior Notes, interest at 7.25%, maturing July 15, 2028 | ​ |  | 400,000 | ​ |  | 400,000
Senior Notes, interest at 4.50%, maturing February 15, 2029 | ​ |  | 600,000 | ​ |  | 600,000
Senior Notes, interest at 4.75%, maturing October 15, 2027 | ​ |  | 700,000 | ​ |  | 700,000
Senior Notes, interest at 6.50%, maturing April 1, 2032 | ​ |  | 1,000,000 | ​ |  | —
Gaylord Rockies Term Loan, interest at SOFR plus 2.50%, original maturity July 2, 2024 | ​ |  | — | ​ |  | 800,000
OEG Term Loan, interest at SOFR plus 3.50%, maturing June 28, 2031 | ​ |  | 300,000 | ​ |  | 296,250
$80M OEG Revolver, interest at SOFR plus 3.50%, maturing June 28, 2029 | ​ |  | 17,000 | ​ |  | 5,000
Block 21 CMBS Loan, interest at 5.58%, maturing January 5, 2026 | ​ | ​ | 130,439 | ​ | ​ | 131,871
Finance lease obligations | ​ | ​ | 95 | ​ | ​ | 138
Unamortized deferred financing costs | ​ | ​ | (55,141) | ​ | ​ | (38,309)
Unamortized discounts and premiums, net | ​ | ​ | (13,273) | ​ | ​ | (14,172)
Total debt | ​ | $ | 3,373,383 | ​ | $ | 3,377,028
Schedule of Fair Value of the Company's Derivative Financial Instruments | The estimated fair value of the Company’s derivative financial instruments at June 30, 2024 and December 31, 2023 is as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Estimated Fair Value
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Asset (Liability) Balance
​ | ​ | ​ | ​ | Strike | ​ | ​ | ​ | ​ | ​ | Notional | ​ | June 30, | ​ | December 31,
Hedged Debt | ​ | Type | ​ | Rate | ​ | Index | ​ | Maturity Date | ​ | Amount | ​ | 2024 | ​ | 2023
Gaylord Rockies Term Loan | ​ | Interest Rate Swap | ​ | 5.2105% | ​ | Daily SOFR | ​ | July 2, 2024 | ​ | ​ | 800,000 | ​ | ​ | - | ​ | ​ | (474)
OEG Term Loan | ​ | Interest Rate Swap | ​ | 4.5330% | ​ | 3-month SOFR | ​ | December 18, 2025 | ​ | ​ | 100,000 | ​ | ​ | 255 | ​ | ​ | (848)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 255 | ​ | $ | (1,322)
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 Derivatives | ​ | Location of Gain (Loss) | ​ | OCI into Income (Expense) | ​
​ | ​ | Three Months Ended | ​ | Reclassified from | Three Months Ended | ​
​ | ​ | June 30, | ​ | Accumulated OCI | ​ | June 30, | ​
​ | ​ | 2024 | ​ | 2023 |  | into Income (Expense) |  | 2024 | ​ | 2023 |
Derivatives in Cash Flow Hedging Relationships: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | $ | 351 | ​ | $ | 2,477 | ​ | Interest expense | ​ | $ | 202 | ​ | $ | 4,888 | ​
Total derivatives | ​ | $ | 351 | ​ | $ | 2,477 | ​ | ​ | ​ | ​ | ​ | $ | 202 | ​ | $ | 4,888 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amount of Gain (Loss) | ​ | ​ | ​ | ​ | ​ | Amount of Gain (Loss) | ​
​ | ​ | Recognized in OCI on | ​ | ​ | ​ | ​ | ​ | Reclassified from Accumulated | ​
​ | ​ | Derivatives | ​ | Location of Gain (Loss) | ​ | OCI into Income (Expense) | ​
​ | ​ | Six Months Ended | ​ | Reclassified from | ​ | Six Months Ended | ​
​ | ​ | June 30, | ​ | Accumulated OCI | ​ | June 30, | ​
​ | ​ | 2024 | ​ | 2023 |  | into Income (Expense) |  | 2024 | ​ | 2023 |
Derivatives in Cash Flow Hedging Relationships: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | $ | 2,326 | ​ | $ | 1,467 | ​ | Interest expense | ​ | $ | 749 | ​ | $ | 10,156 | ​
Total derivatives | ​ | $ | 2,326 | ​ | $ | 1,467 | ​ | ​ | ​ | ​ | ​ | $ | 749 | ​ | $ | 10,156 | ​

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