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Long-term debt (Tables) | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
Schedule of Long-term debt | Our long-term debt is summarized below (in thousands):
| Dec. 31,
| 2019 |  | 2018
Unsecured floating rate term loan due quarterly through June 2020 (1) | $ | 20,000 |  |  | $ | 60,000 |
Unsecured floating rate term loan due quarterly through September 2020 (1) | 105,000 |  |  | 165,000 |
Unsecured notes bearing fixed rate interest at 5.125% paid October 2019 | — |  |  | 320,000 |
Unsecured notes bearing fixed rate interest at 5.125% due July 2020 (1) | 310,000 |  |  | 600,000 |
Unsecured notes bearing fixed rate interest at 4.875% due September 2021 | 350,000 |  |  | 350,000 |
Unsecured notes bearing fixed rate interest at 6.375% due October 2023 | 650,000 |  |  | 650,000 |
Borrowings under revolving credit facility expiring August 2024 | 903,000 |  |  | 50,000 |
Unsecured notes bearing fixed rate interest at 5.50% due September 2024 | 325,000 |  |  | 325,000 |
Unsecured notes bearing fixed rate interest at 7.75% due June 2027 | 200,000 |  |  | 200,000 |
Unsecured notes bearing fixed rate interest at 7.25% due September 2027 | 240,000 |  |  | 240,000 |
Unsecured notes bearing fixed rate interest at 5.00% due September 2029 | 1,100,000 |  |  | — |
Total principal long-term debt | 4,203,000 |  |  | 2,960,000 |
Debt issuance costs | (26,873 | ) |  | (15,458 | )
Other (fair market value adjustments and discounts) | 3,118 |  |  | (76 | )
Total long-term debt | $ | 4,179,245 |  |  | $ | 2,944,466 |
(1) We have either refinanced certain of this debt by issuing new long-term notes, or have the intent and ability to refinance the principal payments due within the next 12 months on a long-term basis through our revolving credit facility. As such, all debt presented in the table above is classified as long-term on our December 31, 2019 Consolidated Balance Sheet.
Schedule of Annual Maturities of Long-Term Debt | The following schedule of annual maturities of the principal amount of total debt assumes we use available capacity under our revolving credit facility to refinance unsecured floating rate term loans payments and unsecured notes due in 2020 and 2021 to the extent of the then undrawn capacity. Based on this refinancing assumption, all maturities repaid utilizing the revolver in 2020 and 2021 are reflected as maturities for 2024, the year the revolving credit facility expires (in thousands).
Repayment schedule of principal long-term debt as of Dec. 31, 2019 |
2020 (1) | $ | — |
2021 (1) | 190,200 |
2022 | — |
2023 | 650,000 |
2024 (2) | 1,822,800 |
Thereafter | 1,540,000 |
Total | $ | 4,203,000 |
(1) Debt payments due in 2020 and 2021 are assumed to be repaid with funds from the revolving credit facility, up to our maximum borrowing capacity. The revolving credit facility expires in 2024. Excluding our ability to repay funds with the revolving credit facility, contractual debt maturities are $435 million for 2020, $350 million in 2021, $650 million in 2023 and $1.2 billion in 2024. (2) Assumes current revolving credit facility borrowings come due in 2024 and credit facility is not extended.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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