XML 37 R27.htm IDEA: XBRL DOCUMENT v3.24.3
Debt (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Components of Debt
Debt consisted of the following:
September 30, 2024December 31, 2023
(in thousands)
$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 $3.1 million and $3.6 million at September 30, 2024 and December 31, 2023, respectively
$396,891 $396,440 
$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 $3.9 million and $4.3 million at September 30, 2024 and December 31, 2023, respectively
446,147 445,690 
$600 million senior unsecured notes due 2034 ("2024 Senior Notes") with an effective interest rate of 6.11%, less a discount and deferred issuance costs of $11.5 million at September 30, 2024
588,471 — 
$500 million unsecured term loan due 2024 ("2023 Term Loan") with an effective interest rate of 6.83%, less a discount and deferred issuance costs of $0.7 million at December 31, 2023 (1)
— 499,268 
$1 billion senior unsecured revolving credit facility with an effective interest rate of 6.68%, less deferred issuance costs of $3.8 million and $1.9 million at September 30, 2024 and December 31, 2023, respectively
379,222 226,621 
Total debt
$1,810,731 $1,568,019 
Less: current portion
— 499,268 
Long-term debt$1,810,731 $1,068,751 
(1) The 2023 Term Loan had a maturity date of December 16, 2024. The Company used the proceeds from the issuance of the 2024 Senior Notes (as defined below) to repay the 2023 Term Loan on July 2, 2024.