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Debt (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The following table sets forth the face values of our outstanding debt as of June 30, 2023 and December 31, 2022 (in thousands):

			Rate						Maturity						June 30, 2023						December 31, 2022
Senior secured credit facilities:
2021 Term Loan B-1			S(1) + 3.50%						December 2027						$	394,035					$	397,940
2021 Term Loan B-2			S(1) + 3.50%						December 2027						614,151						634,340
2022 Term Loan B-1			S(1) + 4.25%						June 2028						603,447						620,313
2022 Term Loan B-2			S(1) + 5.00%						June 2028						645,310						673,313
Senior Secured Term Loan Due 2028			RR(3) + 1.75%(4)						December 2028						700,000						—
AR Facility(2)			S(1) + 2.25%						January 2025						130,000						—
9.25% senior secured notes due 2025			9.25%						April 2025						104,901						775,000
7.375% senior secured notes due 2025			7.375%						September 2025						850,000						850,000
4.00% senior exchangeable notes due 2025			4.00%						April 2025						333,220						333,220
11.25% senior secured notes due 2027			11.25%						December 2027						555,000						555,000
Face value of total debt outstanding															4,930,064						4,839,126
Less current portion of debt outstanding															(4,040)						(23,480)
Face value of long-term debt outstanding															$	4,926,024					$	4,815,646

______________________

(1) Represents the Secured Overnight Financing Rate ("SOFR").

(2)The AR Facility (as defined below) is subject to certain "springing" maturity conditions; the maturity may extend to February 2026 at the latest.

(3)Represents the Reference Rate as defined below.

(4)At our election, if interest is paid in cash the spread is 0.25% per annum, and in the case of interest paid in kind the spread is 1.75%.

Schedule of Exchangeable Debt

The following table sets forth the carrying value of the Exchangeable Notes as of June 30, 2023 and December 31, 2022, (in thousands):

			June 30, 2023						December 31, 2022
Principal			$	333,220					$	333,220
Less: Unamortized debt issuance costs			4,463						5,642
Net carrying value			$	328,757					$	327,578

Schedule of Interest Expense

The following table sets forth interest expense recognized related to the Exchangeable Notes for the three and six months ended June 30, 2023 and 2022 (in thousands):

			Three Months Ended June 30,									Six Months Ended June 30,
			2023						2022			2023						2022
Contractual interest expense			$	3,332					$	3,332		$	6,664					$	6,664
Amortization of issuance costs			593						565			1,179						1,124

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