Debt (Tables)

12 Months Ended

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