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LONG-TERM DEBT (Tables)
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Long-term debt, net of unamortized discounts and deferred financing costs, consists of the following (in thousands):
March 31, 2024December 31, 2023
Outstanding principal balances on Senior Notes:
2026 Senior Notes (5.000%)
$400,000 $400,000 
2028 Senior Notes (8.375%)
1,350,000 1,350,000 
2030 Senior Notes (8.625%)
1,000,000 1,000,000 
2031 Senior Notes (8.750%)
1,350,000 1,350,000 
Outstanding principal balances on Senior Notes, gross
4,100,000 4,100,000 
Less: unamortized discount and deferred financing costs(62,376)(64,268)
Outstanding principal balances on Senior Notes, net
4,037,624 4,035,732 
Outstanding balance on Credit Facility
400,000 750,000 
Long-term debt4,437,6244,785,732
Deferred acquisition consideration525,627 — 
Total debt
$4,963,251 $4,785,732 
Senior Notes
The table below summarizes the face values, interest rates, maturity dates, semi-annual interest payment dates related to our outstanding senior note obligations as of March 31, 2024 (in thousands):
Interest RateInterest Payment DatesPrincipal AmountMaturity Date
2026 Senior Notes5.000%April 15, October 15$400,000 November 1, 2026
2028 Senior Notes8.375%January 1, July 11,350,000 July 1, 2028
2030 Senior Notes8.625%May 1, November 11,000,000 November 1, 2030
2031 Senior Notes8.750%January 1, July 11,350,000 July 1, 2031
The following table presents the outstanding balance, letters of credit outstanding, and available borrowing capacity under the Credit Facility as of the dates indicated (in thousands):
May 2, 2024March 31, 2024December 31, 2023
Outstanding balance
$850,000 $400,000 $750,000 
Letters of credit2,100 2,100 2,100 
Available borrowing capacity997,900 1,447,900 1,097,900 
Total aggregate elected commitments
$1,850,000 $1,850,000 $1,850,000