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v3.22.2.2

DEBT (Tables) | 9 Months Ended
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Sep. 30, 2022
Schedule of Debt Outstanding | Debt outstanding as of September 30, 2022 and December 31, 2021 consisted of the following (in thousands):
|  | September 30, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
Revolving Credit Facility maturing May 2026. Interest payable periodically at variable interest rates. |  | $ | — |  |  | $ | — |
Term Loan A maturing May 2026. Interest payable periodically at variable interest rates. The rate at September 30, 2022 and December 31, 2021 was 6.6% and 1.4%, respectively. Unamortized debt issuance costs amounted to $1.4 million at September 30, 2022. The Term Loan A was paid-down and the maturity was extended in the second quarter of 2022 in connection with an amendment and restatement of the Bank Credit Facility, as further described below. |  |  | 97,500 |  |  |  | 170,000 |
Term Loan B. Interest was payable periodically at variable interest rates. The rate at December 31, 2021 was 5.5%. Unamortized debt issuance costs amounted to $2.0 million at December 31, 2021. The Term Loan B was repaid in the second quarter of 2022, as further described below. |  |  | — |  |  |  | 128,750 |
4.625% Senior Notes maturing May 2023. Unamortized debt issuance costs amounted to $0.1 million and $0.4 million at September 30, 2022 and December 31, 2021, respectively. |  |  | 166,519 |  |  |  | 173,650 |
4.75% Senior Notes maturing October 2027. Unamortized debt issuance costs amounted to $2.0 million and $2.3 million at September 30, 2022 and December 31, 2021, respectively. |  |  | 250,000 |  |  |  | 250,000 |
8.25% Senior Notes maturing April 2026. Unamortized debt issuance costs amounted to $10.0 million and $12.9 million at September 30, 2022 and December 31, 2021, respectively. |  |  | 641,535 |  |  |  | 675,000 |
4.43% Lansing Correctional Facility Non-Recourse Mortgage Note maturing January 2040. Unamortized debt issuance costs amounted to $2.8 million and $3.0 million at September 30, 2022 and December 31, 2021, respectively. |  |  | 151,555 |  |  |  | 154,532 |
Total debt |  |  | 1,307,109 |  |  |  | 1,551,932 |
Unamortized debt issuance costs |  |  | (16,339 | ) |  |  | (20,588 | )
Unamortized original issue premium (discount) |  |  | 724 |  |  |  | (3,922 | )
Current portion of long-term debt |  |  | (177,556 | ) |  |  | (35,376 | )
Long-term debt, net |  | $ | 1,113,938 |  |  | $ | 1,492,046 |
Schedule of Principal Payments | Scheduled principal payments as of September 30, 2022 for the remainder of 2022, the next five years, and thereafter were as follows (in thousands):
2022 (remainder) |  | $ | 2,400 |
2023 |  |  | 178,290 |
2024 |  |  | 14,722 |
2025 |  |  | 17,698 |
2026 |  |  | 715,985 |
2027 |  |  | 256,855 |
Thereafter |  |  | 121,159 |
Total debt |  | $ | 1,307,109 |

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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 maturity and sinking fund requirement for long-term debt. + 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 https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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