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Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt |
Schedule of debt | Debt consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31, |
​ |  | 2024 |  | 2023 |
​ | ​ | (In thousands) |
0.75% senior exchangeable notes due January 2024 | ​ | $ | — | ​ | $ | 155,529 | ​
5.75% senior notes due February 2025 | ​ | ​ | — | ​ |  | 474,092 | ​
7.25% senior guaranteed notes due January 2026 | ​ | ​ | — | ​ |  | 555,902 | ​
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 | ​ | ​ | 250,000 | ​
9.125% senior priority guaranteed notes due January 2030 | ​ |  | 650,000 | ​ | ​ | 650,000 | ​
8.875% senior guaranteed notes due August 2031 | ​ |  | 550,000 | ​ | ​ | — | ​
​ | ​ | $ | 2,539,609 | ​ | $ | 3,175,132 | ​
Less: current portion | ​ |  | — | ​ |  | 629,621 | ​
Less: deferred financing costs | ​ | ​ | 34,392 | ​ | ​ | 33,992 | ​
Long-term debt | ​ | $ | 2,505,217 | ​ | $ | 2,511,519 | ​
​
Schedule of principal amount and maturities of debt | As of December 31, 2024, the principal amount and maturities of our primary debt for each of the five years following 2024 and thereafter are as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | Paid at Maturity |
​ | ​ | (In thousands) |
2027 | ​ | $ | 700,000 | (1)
2028 | ​ |  | 389,609 | (2)
2029 | ​ |  | 250,000 | (3)
Thereafter | ​ |  | 1,200,000 | (4)
​ | ​ | $ | 2,539,609 | ​
​ ​
(1) | Represents our 7.375% senior priority guaranteed notes due May 2027.
​
(2) | Represents our 7.50% senior guaranteed notes due January 2028.
​
(3) | Represents our 1.75% senior exchangeable notes due June 2029 and our 2024 Credit Agreement.
​
(4) | Represents our 9.125% senior priority guaranteed notes due January 2030 and our 8.875% senior guaranteed notes due August 2031.
​
Schedule of letters of credit | We had seven letter-of-credit facilities with various banks as of December 31, 2024. Availability and borrowings under our letter-of-credit facilities are as follows: ​
​ | ​ | ​ | ​
​ |  | December 31,
​ | ​ | 2024
​ | ​ | (In thousands)
Credit available | ​ | $ | 303,667
Less: Letters of credit outstanding, inclusive of financial and performance guarantees | ​ |  | 129,523
Remaining availability | ​ | $ | 174,144
​

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