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LONG-TERM DEBT (Tables) | 6 Months Ended
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Jun. 30, 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):
| June 30, 2024 |  | December 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 | (60,446) |  |  | (64,268) |
Outstanding principal balances on Senior Notes, net | 4,039,554 |  |  | 4,035,732 |
Outstanding balance on Credit Facility | 850,000 |  |  | 750,000 |
Long-term debt | 4,889,554 |  | 4,785,732
Deferred acquisition consideration | 497,277 |  |  | — |
Total debt | $ | 5,386,831 |  |  | $ | 4,785,732 |
Senior Notes The table below summarizes the face values, interest rates, maturity dates, and semi-annual interest payment dates related to our outstanding senior note obligations as of June 30, 2024 (in thousands):
| Interest Rate |  | Interest Payment Dates |  | Principal Amount |  | Maturity Date
2026 Senior Notes | 5.000% |  | April 15, October 15 |  | $ | 400,000 |  |  | November 1, 2026
2028 Senior Notes | 8.375% |  | January 1, July 1 |  | 1,350,000 |  |  | July 1, 2028
2030 Senior Notes | 8.625% |  | May 1, November 1 |  | 1,000,000 |  |  | November 1, 2030
2031 Senior Notes | 8.750% |  | January 1, July 1 |  | 1,350,000 |  |  | 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):
| July 31, 2024 |  | June 30, 2024 |  | December 31, 2023
Outstanding balance | $ | 950,000 |  |  | $ | 850,000 |  |  | $ | 750,000 |
Letters of credit | 2,100 |  |  | 2,100 |  |  | 2,100 |
Available borrowing capacity | 1,247,900 |  |  | 1,347,900 |  |  | 1,097,900 |
Total aggregate elected commitments | $ | 2,200,000 |  |  | $ | 2,200,000 |  |  | $ | 1,850,000 |

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