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Debt (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt |
Schedule of debt | Debt consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31, |
​ |  | 2023 |  | 2022 |
​ | ​ | (In thousands) |
5.10% senior notes due September 2023 (1) | ​ | $ | — | ​ | $ | 52,004 | ​
0.75% senior exchangeable notes due January 2024 (2) | ​ |  | 155,529 | ​ |  | 177,005 | ​
5.75% senior notes due February 2025 (2) | ​ | ​ | 474,092 | ​ |  | 474,092 | ​
9.00% senior priority guaranteed notes due February 2025 | ​ | ​ | — | ​ | ​ | 209,384 | ​
7.25% senior guaranteed notes due January 2026 | ​ | ​ | 555,902 | ​ |  | 557,902 | ​
7.375% senior priority guaranteed notes due May 2027 | ​ | ​ | 700,000 | ​ |  | 700,000 | ​
7.50% senior guaranteed notes due January 2028 | ​ | ​ | 389,609 | ​ |  | 389,609 | ​
1.75% senior exchangeable notes due June 2029 | ​ |  | 250,000 | ​ | ​ | — | ​
9.125% senior priority guaranteed notes due January 2030 | ​ |  | 650,000 | ​ | ​ | — | ​
​ | ​ | $ | 3,175,132 | ​ | $ | 2,559,996 | ​
Less: current portion | ​ |  | 629,621 | ​ |  | — | ​
Less: deferred financing costs | ​ | ​ | 33,992 | ​ | ​ | 22,456 | ​
Long-term debt | ​ | $ | 2,511,519 | ​ | $ | 2,537,540 | ​
​
(1) | The 5.10% senior notes due September 2023 were classified as long-term as of December 31, 2022 because we had the ability and intent to refinance this obligation utilizing our 2022 Credit Agreement.
​
(2) | Remaining outstanding aggregate principal balance repaid in January 2024.
​
Schedule of principal amount and maturities of debt | As of December 31, 2023, the principal amount and maturities of our primary debt for each of the five years following 2023 and thereafter are as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | Paid at Maturity |
​ | ​ | (In thousands) |
2024 | ​ | $ | 629,621 | (1)
2025 | ​ |  | — | ​
2026 | ​ |  | 555,902 | (2)
2027 | ​ |  | 700,000 | (3)
2028 | ​ |  | 389,609 | (4)
Thereafter | ​ |  | 900,000 | (5)
​ | ​ | $ | 3,175,132 | ​
​
(1) | Represents our 0.75% senior exchangeable notes due January 2024 and our 5.75% senior notes due February 2025 as a redemption notice for the 5.75% senior notes due February 2025 was issued December 14, 2023.
​
(2) | Represents our 7.25% senior notes due January 2026 and our 2022 credit agreement.
​
(3) | Represents our 7.375% senior priority guaranteed notes due May 2027.
​
(4) | Represents our 7.50% senior notes due January 2028.
​
(5) | Represents our 1.75% senior exchangeable notes due June 2029 and our 9.125% senior priority guaranteed notes due January 2030.
​
Schedule of letters of credit | We had 8 letter-of-credit facilities with various banks as of December 31, 2023. Availability and borrowings under our letter-of-credit facilities are as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | December 31, |
​ | ​ | 2023 |
​ | ​ | (In thousands) |
Credit available | ​ | $ | 313,667 | ​
Less: Letters of credit outstanding, inclusive of financial and performance guarantees | ​ |  | 114,937 | ​
Remaining availability | ​ | $ | 198,730 | ​
​

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