XML 39 R29.htm IDEA: XBRL DOCUMENT v3.23.2
Debt (Tables)
6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Components of Debt
The Company’s borrowings consist of the following:
  As of
(in thousands)MaturitiesStated Interest RateEffective Interest RateJune 30,
2023
December 31,
2022
Unsecured notes (1)
20265.75%5.75%$397,904 $397,548 
Revolving credit facility2027
4.80% - 8.63%
6.09%188,136 200,236 
Truist Bank commercial note (2)
2031
6.10% - 6.86%
6.58%23,031 23,522 
Truist Bank commercial note2032
6.38% - 7.21%
6.81%60,452 66,513 
Truist Bank commercial note (3)
2032
6.13% - 6.96%
6.63%25,873 26,548 
Pinnacle Bank term loan20244.15%4.18%7,871 8,433 
Other indebtedness2025 - 2030
0.00% - 16.00%
3,458 3,560 
Total Debt706,725 726,360 
Less: current portion(141,161)(155,813)
Total Long-Term Debt$565,564 $570,547 
____________
(1)     The carrying value is net of $2.1 million and $2.5 million of unamortized debt issuance costs as of June 30, 2023 and December 31, 2022, respectively.
(2)     The carrying value is net of $0.1 million of unamortized debt issuance costs as of June 30, 2023 and December 31, 2022.
(3)     The carrying value is net of $0.1 million of unamortized debt issuance costs as of June 30, 2023 and December 31, 2022.