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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Components of Long-Term Debt
Our borrowings at December 31, 2019 and 2018 were as follows:
20192018
(Dollars in thousands)
Senior Credit Facility:
Revolving credit facility, at a rate of 3.12% at December 31, 2019, and 4.27% at December 31, 2018, due 2024
$300,000  $293,000  
Term loan facility, at a rate of 3.17% at December 31, 2019 and 4.27% at December 31 2018, due 2022
673,000  683,500  
5.25% Senior Notes due 2024
—  250,000  
4.875% Senior Notes due 2026
400,000  400,000  
4.625% Senior Notes due 2027
500,000  500,000  
Securitization program, at a rate of 2.51% at December 31, 2019 and 3.25% at December 31, 2018
50,000  50,000  
 1,923,000  2,176,500  
Less: Unamortized debt issuance costs(14,057) (17,675) 
 1,908,943  2,158,825  
Current portion of borrowings(50,000) (86,625) 
Long-term borrowings$1,858,943  $2,072,200  
Fair Value of Debt The following table provides the fair value of our debt as of December 31, 2019 and 2018, which is valued based on Level 2 inputs within the hierarchy used to measure fair value (see Note 12 to the consolidated financial statements for further information):
December 31, 2019December 31, 2018
(Dollars in thousands)
Fair value of debt$1,974,918  $2,145,473  
Aggregate Amounts of Long-Term Debt
Debt Maturities
As of December 31, 2019, the aggregate amounts of long-term debt, demand loans and debt under our securitization program that will mature during each of the next four years and thereafter were as follows:
(Dollars in thousands)
2020$50,000  
202125,500  
202235,000  
202343,750  
2024 and thereafter1,768,750  
Schedule of Cash Flow, Supplemental Disclosures, Debt
Supplemental cash flow information
Year Ended December 31,
201920182017
(Dollars in thousands)
Cash interest paid$95,954  $101,790  $74,256