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v3.25.2

DEBT (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
DEBT |
Summary of Debt and Finance Lease Obligations | The Company’s debt and finance lease obligations at June 30, 2025 and December 31, 2024 consisted of (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
​ |  | 2025 |  | 2024
$700M Revolving Credit Facility, interest at SOFR plus 1.45%, maturing May 18, 2027 | ​ | $ | — | ​ | $ | —
Term Loan B, interest at SOFR plus 2.00%, maturing May 18, 2030 | ​ |  | 291,324 | ​ |  | 292,791
Senior Notes, interest at 4.75%, maturing October 15, 2027 | ​ |  | 700,000 | ​ |  | 700,000
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 6.50%, maturing April 1, 2032 | ​ |  | 1,000,000 | ​ |  | 1,000,000
Senior Notes, interest at 6.50%, maturing June 15, 2033 | ​ |  | 625,000 | ​ |  | —
$80M OEG Revolver, interest at SOFR plus 3.25%, maturing June 28, 2029 | ​ |  | — | ​ |  | 21,000
OEG Term Loan, interest at SOFR plus 3.50%, maturing June 28, 2031 | ​ |  | 427,423 | ​ |  | 299,250
Block 21 CMBS Loan, interest at 5.58%, original maturity January 5, 2026 | ​ | ​ | — | ​ | ​ | 128,967
Finance lease obligations | ​ | ​ | 785 | ​ | ​ | 55
Unamortized deferred financing costs | ​ | ​ | (57,018) | ​ | ​ | (51,484)
Unamortized discounts and premiums, net | ​ | ​ | (12,301) | ​ | ​ | (12,183)
Total debt | ​ | $ | 3,975,213 | ​ | $ | 3,378,396
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, 2025 and December 31, 2024 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 | ​ | 2025 | ​ | 2024
OEG Term Loan | ​ | Interest Rate Swap | ​ | 4.5330% | ​ | 3-month SOFR | ​ | December 18, 2025 | ​ | ​ | 100,000 | ​ | $ | (179) | ​ | $ | (386)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | (179) | ​ | $ | (386)
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, | ​
​ | ​ | 2025 | ​ | 2024 |  | into Income (Expense) |  | 2025 | ​ | 2024 |
Derivatives in Cash Flow Hedging Relationships: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | $ | 108 | ​ | $ | 351 | ​ | Interest expense | ​ | $ | 58 | ​ | $ | 202 | ​
Total derivatives | ​ | $ | 108 | ​ | $ | 351 | ​ | ​ | ​ | ​ | ​ | $ | 58 | ​ | $ | 202 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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, | ​
​ | ​ | 2025 | ​ | 2024 |  | into Income (Expense) |  | 2025 | ​ | 2024 |
Derivatives in Cash Flow Hedging Relationships: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate swaps | ​ | $ | 100 | ​ | $ | 2,326 | ​ | Interest expense | ​ | $ | 106 | ​ | $ | 749 | ​
Total derivatives | ​ | $ | 100 | ​ | $ | 2,326 | ​ | ​ | ​ | ​ | ​ | $ | 106 | ​ | $ | 749 | ​

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