Subsequent Events

9 Months Ended

Sep. 30, 2021

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On October 29, 2021, the Company issued 3.875% fixed rate senior notes with an aggregate principal amount of $1.0 billion due 2030 (the “2030 Notes”). The 2030 Notes were issued at 100% of principal and the Company incurred approximately $12.6 million for debt issuance costs. Interest on the 2030 Notes is payable semiannually in arrears on May 1 and November 1 of each year, beginning on May 1, 2022, and the entire outstanding principal amount of the 2030 Notes is due at maturity on May 1, 2030. The Company may redeem the 2030 Notes in whole or in part at any time at the applicable redemption prices set forth in the indenture that governs the 2030 Notes (the “Indenture”). Upon the occurrence of a change of control triggering event (as defined in the Indenture), the Company will be required to offer to repurchase the 2030 Notes at a price equal to 101% of the principal amount of the notes, plus accrued and unpaid interest, if any, to, but excluding, the repurchase date. The 2030 Notes are unsecured obligations and the Indenture contains customary events of default and covenants that, among others and subject to exceptions, restrict Company's ability and the ability of our domestic restricted subsidiaries to create certain liens, enter into certain sale and lease-back transactions, and consolidate or merge with or into, or sell substantially all of Company's assets to, another person and the ability of Company's domestic restricted subsidiaries to incur or guarantee additional indebtedness.