BORROWINGS (Tables)

3 Months Ended

Mar. 31, 2023

Our long-term borrowings were as follows:


	Maturity	Stated Interest Rate		Effective Interest Rate		March 31, 2023		December 31, 2022
						(in thousands)
Notes issuance of $350.0 million	2029	4.250	%	4.64	%	$	350,000	$	350,000
Notes issuance of $350.0 million	2031	4.125	%	4.35	%	350,000		350,000
Term Loan B Facility	2029					1,425,000		1,675,000
Revolving Facility						200,000		—
Total face value of long-term borrowings						2,325,000		2,375,000
Less:
Unamortized issuance costs						54,712		56,973
Current portion of long-term borrowings (1)						20,000		20,000
Total long-term borrowings						$	2,250,288	$	2,298,027

(1) Represents the current portion of the borrowings under the Term Loan B facility.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details