Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt

Debt

	December 31,		December 31,
	2021		2020
	(In thousands)
4.625% senior notes due September 2021 (1)	$	—	$	86,329
5.50% senior notes due January 2023		24,446		28,443
5.10% senior notes due September 2023		82,703		121,077
0.75% senior exchangeable notes due January 2024		259,839		279,700
5.75% senior notes due February 2025		548,458		610,818
6.50% senior priority guaranteed notes due February 2025		50,485		50,485
9.00% senior priority guaranteed notes due February 2025		218,082		192,032
7.25% senior guaranteed notes due January 2026		559,978		559,978
7.375% senior priority guaranteed notes due May 2027		700,000		—
7.50% senior guaranteed notes due January 2028		389,609		389,609
2018 revolving credit facility		460,000		672,500
		3,293,600		2,990,971
Less: deferred financing costs		30,805		22,270
Long-term debt	$	3,262,795	$	2,968,701

(1) The 4.625% senior notes due September 2021 were classified as long-term as of December 31, 2020 because we had the ability and intent to repay this obligation utilizing our 2018 Revolving Credit Facility.

Maturity of primary debt

	Paid at Maturity
	(In thousands)
2022	$	50,485	(1)
2023		567,362	(2)
2024		287,302	(3)
2025		766,540	(4)
2026		559,978	(5)
Thereafter		1,089,609	(6)
	$	3,321,276

(1) Represents our 6.5% senior priority guaranteed notes due February 2025 which were redeemed in January 2022.

(2) Represents our 5.50% senior notes due January 2023, 5.10% senior notes due September 2023 and our 2018 Revolving Credit Facility due October 2023. In January 2022, the 2018 Revolving Credit Facility was repaid as we entered into the 2022 Credit Agreement.

(3) Represents our 0.75% senior notes due January 2024.

(4) Represents our 5.75% senior notes due February 2025 and our 9.0% senior priority guaranteed notes due February 2025.

(5) Represents our 7.25% senior notes due January 2026.

(6) Represents our 7.375% senior priority guaranteed notes due May 2027 and 7.50% senior notes due January 2028.

The aggregate principal amounts and recognized gain

The aggregate principal amounts and recognized gain for such transactions were as follows (in thousands):

	Year ended December 31,
	2021		2020
Exchanged		(in thousands)
4.625% senior notes due September 2021	$	—	$	38,209
4.625% senior notes due September 2021		—		3,733
5.10% senior notes due September 2023		—		19,422
0.75% senior exchangeable notes due January 2024		35,000		250,678
5.75% senior notes due February 2025		5,000		164,368
7.25% senior guaranteed notes due January 2026		—		40,022
7.50% senior guaranteed notes due January 2028		—		10,391
Aggregate principal amount exchanged		40,000		526,823
Aggregate principal amount of debt issued in exchanges		26,050		242,517
Aggregated net gain (loss)		22		161,808
Per share amount of the aggregate gain		0.00		19.30

Short-Term Borrowings

	December 31,
	2021
	(In thousands)
Credit available	$	620,552
Less: Letters of credit outstanding, inclusive of financial and performance guarantees		83,240
Remaining availability	$	537,312