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Long-term debt (Tables)
9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

Our long-term debt is summarized below (in thousands):

 

 

Sept. 30, 2025

 

 

Dec. 31, 2024

 

 

 

 

 

 

 

Unsecured notes bearing fixed rate interest at 4.75% due March 2026

$

-

 

 

$

550,000

 

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 4.625% due March 2028

 

1,000,000

 

 

 

1,000,000

 

Unsecured notes bearing fixed rate interest at 5.00% due September 2029

 

1,100,000

 

 

 

1,100,000

 

Total outstanding principal

 

2,540,000

 

 

 

3,090,000

 

Debt issuance costs

 

(12,698

)

 

 

(17,285

)

Unamortized discounts

 

2,713

 

 

 

3,736

 

Total long-term debt, net

$

2,530,015

 

 

$

3,076,451