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Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Schedule of long-term debt

​

​	​	​	​	​	​	​
(in thousands)		September 30, 2021			December 31, 2020
Credit Facility	​	$	220,000	​	$	393,000
​	​	​	​	​	​	​
2028 Notes	​	​	​	​	​	​
Principal	​		800,000	​		800,000
Debt premium, net of amortization	​	​	13,037	​		14,541
Deferred financing costs, net of amortization	​		(10,821)	​		(11,766)
​	​		802,216	​		802,775
​	​	​	​	​	​	​
2027 Notes	​	​	​	​	​	​
Principal	​	​	500,000	​		500,000
Deferred financing costs, net of amortization	​	​	(6,081)	​		(6,908)
​	​	​	493,919	​		493,092
​	​	​	​	​	​	​
Long-term debt	​	$	1,516,135	​	$	1,688,867

Schedule of financial ratios to be maintained defined in Credit Facility agreement

​

​	​	​
Senior Secured Debt to EBITDA		3.00 to 1.0
Total Debt to EBITDA
Through fiscal year 2022	​	5.75 to 1.0
January 1, 2023 through September 30, 2023		5.50 to 1.0
Thereafter (1)		5.25 to 1.0

(1) Subject to a temporary increase to 5.50 to 1.0 for any quarter during which an acquisition satisfying certain thresholds is completed and for the two quarters immediately following such quarter.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

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