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Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Instruments

Schedule of long-term debt

​

​	​	​	​	​	​	​
​	​	December 31,
(in thousands)		2021		​	2020
Credit Facility	​	$	234,500	​	$	393,000
​	​	​	​	​	​	​
2028 Notes	​	​	​	​	​	​
Principal	​		800,000	​		800,000
Debt premium, net of amortization	​	​	12,536	​		14,541
Deferred financing costs, net of amortization	​		(10,406)	​		(11,766)
​	​		802,130	​		802,775
​	​	​	​	​	​	​
2027 Notes	​	​	​	​	​	​
Principal	​	​	500,000	​		500,000
Deferred financing costs, net of amortization	​	​	(5,805)	​		(6,908)
​	​	​	494,195	​		493,092
​	​	​	​	​	​	​
Long-term debt	​	$	1,530,825	​	$	1,688,867

​

Schedule of Maturities of Long-term Debt

​

​	​	​	​
(in thousands)		​	​
2022	​	$	—
2023	​		—
2024	​		234,500
2025	​		—
2026	​		—
Long-term debt maturities through 2026	​	$	234,500

Credit Facility

Debt Instruments

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

​

​	​	​
EBITDA to Interest Expense		2.5 to 1.0
Senior Secured Debt to EBITDA		3.0 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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