Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt

Schedule of debt

	December 31,		December 31,
	2022		2021
	(In thousands)
5.50% senior notes due January 2023	$	—	$	24,446
5.10% senior notes due September 2023 (1)		52,004		82,703
0.75% senior exchangeable notes due January 2024		177,005		259,839
5.75% senior notes due February 2025		474,092		548,458
6.50% senior priority guaranteed notes due February 2025		—		50,485
9.00% senior priority guaranteed notes due February 2025		209,384		218,082
7.25% senior guaranteed notes due January 2026		557,902		559,978
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
2018 revolving credit facility		—		460,000
	$	2,559,996	$	3,293,600
Less: deferred financing costs		22,456		30,805
Long-term debt	$	2,537,540	$	3,262,795

(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.

Schedule of principal amount and maturities of debt

As of December 31, 2022, the principal amount and maturities of our primary debt for each of the five years following 2022 and thereafter are as follows:

	Paid at Maturity
	(In thousands)
2023	$	52,092	(1)
2024		177,005	(2)
2025		683,476	(3)
2026		557,902	(4)
2027		700,000	(5)
Thereafter		389,609	(6)
	$	2,560,084

(1) Represents our 5.10% senior notes due September 2023.

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

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

(4) Represents our 7.25% senior notes due January 2026 and our 2022 credit agreement.

(5) Represents our 7.375% senior priority guaranteed notes due May 2027.

(6) Represents our 7.50% senior notes due January 2028.

Summary of principal amounts and recognized gains for exchange transactions

The aggregate principal amounts and recognized gain for such transactions were as follows:

	Year ended December 31,
	2021
Exchanged		(in thousands)
0.75% senior exchangeable notes due January 2024	$	35,000
5.75% senior notes due February 2025		5,000
Aggregate principal amount exchanged		40,000
Aggregate principal amount of debt issued in exchanges		26,050

Schedule of letters of credit

We had 18 letter-of-credit facilities with various banks as of December 31, 2022. Availability and borrowings under our letter-of-credit facilities are as follows:

	December 31,
	2022
	(In thousands)
Credit available	$	620,552
Less: Letters of credit outstanding, inclusive of financial and performance guarantees		105,081
Remaining availability	$	515,471