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Debt (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Components of Debt | Debt consists of the following:
| December 31,
(in thousands) | 2022 |  | 2021
$450 million senior unsecured notes due 2031 ("2020 Senior Notes") with an effective interest rate of 3.86%, less a discount and deferred issuance costs of $4.9 million and $5.5 million at December 31, 2022 and December 31, 2021, respectively | $ | 445,080 |  |  | $ | 444,470 |
$400 million senior unsecured notes due 2029 ("2019 Senior Notes") with an effective interest rate of 3.88%, less a discount and deferred issuance costs of $4.2 million and $4.8 million at December 31, 2022 and December 31, 2021, respectively | 395,838 |  |  | 395,237 |
$216.6 million senior unsecured notes due 2022 ("2012 Senior Notes") with an effective interest rate of 6.0% less deferred issuance costs of $0.2 million at December 31, 2021(2) | — |  |  | 216,351 |
$600 million senior unsecured credit facility with an effective interest rate of 5.37% less deferred issuance costs of $1.8 million at December 31, 2022(1) | 358,189 |  |  | — |
Economic development loans with an effective interest rate of 3.0% at December 31, 2022 and December 31, 2021, respectively | 4,416 |  |  | 4,416 |
Total debt (3) | $ | 1,203,523 |  |  | $ | 1,060,474 |
Less current portion | 2,976 |  |  | 216,351 |
Total long-term debt | $ | 1,200,547 |  |  | $ | 844,123 |
(1) As there are no outstanding borrowings at December 31, 2021, deferred issuance costs for the senior unsecured revolving credit facility of $2.3 million are presented in non-current Other assets in the consolidated balance sheets. Refer to Note 25 regarding an amendment to the senior unsecured revolving credit facility entered into on February 14, 2023. (2) The 2012 Senior Notes matured on July 1, 2022. The outstanding principal of $216.6 million was re-paid at maturity. (3) As part of the Radisson Transaction, we assumed debt that was subsequently paid off during the third quarter of 2022. For additional details, refer Acquired debt and swap derivative Asset sub-header below and Note 24.
Schedule of Maturities of Long-term Debt | Scheduled principal maturities of debt, net of unamortized discounts, premiums and deferred issuance costs, as of December 31, 2022 were as follows:
(in thousands) | Senior Notes |  |  |  | Revolving Credit Facility |  | Other Notes Payable |  | Total
2022 | — |  |  |  |  | — |  |  | — |  |  | — |
2023 | — |  |  |  |  | — |  |  | 4,416 |  |  | 4,416 |
2024 | — |  |  |  |  | — |  |  | — |  |  | — |
2025 | — |  |  |  |  | — |  |  | — |  |  | — |
2026 | — |  |  |  |  | 358,189 |  |  | — |  |  | 358,189 |
Thereafter | 840,918 |  |  |  |  | — |  |  | — |  |  | 840,918 |
Total payments | $ | 840,918 |  |  |  |  | $ | 358,189 |  |  | $ | 4,416 |  |  | $ | 1,203,523 |

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