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Subsequent Events
3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Dividend. On May 1, 2025, the Company announced a quarterly dividend payable to stockholders of record of the Company’s common stock, resulting in dividend equivalents payable to RSU holders, of $0.12 per share and per RSU. The dividend and dividend equivalents are payable on May 30, 2025 to stockholders of record and certain RSU holders as of May 16, 2025.

Credit Agreement. On April 24, 2025, the Company entered into an Amended and Restated Credit Agreement (the “A&R Credit Agreement”) with Wells Fargo Bank, National Association, as administrative agent, swingline lender, and issuing lender, and the other lenders and parties thereto. The A&R Credit Agreement amends and restates the Company’s existing credit agreement, dated as of February 14, 2020. The A&R Credit Agreement increases the size of the revolving credit facility from $400,000 to $500,000 and extends the maturity date from May 14, 2026 to April 24, 2030. The A&R Credit Agreement also increased the amount of the revolving credit facility by up to an additional $200,000, subject to certain conditions.
Note Purchase Agreements. In connection with entering into the A&R Credit Agreement, the Company also entered into a Sixth Amendment to the Note Purchase Agreement and Private Shelf Agreement (the “Sixth Amendment”), among the Company, Prudential, and certain noteholders affiliated with Prudential. The Sixth Amendment amends the Note Purchase Agreement to extend the period for issuing up to $250,000 senior secured promissory notes from August 31, 2026 to April 24, 2028.