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DEBT (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Senior Notes and Other Borrowings
Total debt consists of the following (in thousands):
 As of December 31,
 20242023
 Principal
Unamortized
Debt Issuance (Costs)/
Premium
Carrying
Value
Principal
Unamortized
Debt Issuance (Costs)/
Premium
Carrying
Value
5.875% Senior Notes due 2027
500,000 (1,890)498,110 500,000 (2,672)497,328 
6.625% Senior Notes due 2027(1)
27,070 733 27,803 27,070 1,022 28,092 
5.75% Senior Notes due 2028
450,000 (1,920)448,080 450,000 (2,551)447,449 
5.125% Senior Notes due 2030
500,000 (3,539)496,461 500,000 (4,174)495,826 
Senior Notes subtotal$1,477,070 $(6,616)$1,470,454 $1,477,070 $(8,375)$1,468,695 
Loans payable and other borrowings475,569 — 475,569 394,943 — 394,943 
$1 Billion Revolving Credit Facility(2)
— — — — — — 
$100 Million Revolving Credit Facility
— — — — — — 
Mortgage warehouse borrowings174,460 — 174,460 153,464 — 153,464 
Total debt$2,127,099 $(6,616)$2,120,483 $2,025,477 $(8,375)$2,017,102 

(1)Unamortized debt issuance premium is reflective of fair value adjustments as a result of purchase accounting.
(2)Unamortized debt issuance costs are included in Prepaid expenses and other assets, net on the Consolidated balance sheets.
Summary of TMHF Mortgage Warehouse Borrowings
The following is a summary of our TMHF mortgage warehouse borrowings:
 As of December 31, 2024
Facility
Amount
Drawn
Facility
Amount
Interest
Rate
Expiration
Date
Collateral (1)
Warehouse A(2)
$— $— 
Term SOFR + 1.70%
on demandMortgage loans
Warehouse C69,008 125,000 
Term SOFR + 1.50%
on demandMortgage loans
Warehouse D60,176 125,000 
Daily SOFR + 1.50%
September 3, 2025(3)
Mortgage loans
Warehouse E43,153 100,000 
Term SOFR + 1.60%
on demandMortgage loans
Warehouse F(2)
2,123 60,000 
Term SOFR + 1.70%
on demandMortgage loans
Total$174,460 $410,000    
 As of December 31, 2023
Facility
Amount
Drawn
Facility
Amount
Interest
Rate
Expiration
Date
Collateral (1)
Warehouse A$13,477 $60,000 
Daily SOFR + 1.70%
on demandMortgage loans
Warehouse C25,567 100,000 
Term SOFR + 1.65%
on demandMortgage loans
Warehouse D56,745 100,000 
Daily SOFR + 1.50%
September 4, 2024Mortgage loans
Warehouse E57,675 100,000 
Term SOFR + 1.60%
on demandMortgage loans
Total$153,464 $360,000    
(1)The mortgage warehouse borrowings outstanding as of December 31, 2024 and 2023, are collateralized by $207.9 million and $193.3 million, respectively, of mortgage loans held for sale.

(2)During December 2024, Warehouse A's bank was purchased by Warehouse F's bank and created a new facility referred to as Warehouse F. As a result, there was no availability under Warehouse A as of December 31, 2024.

(3)The Company has the intent and ability to renew Warehouse D's borrowing's upon expiration.
Principal Maturities of Total Debt
Principal maturities of total debt for the year ended December 31, 2024 are as follows (in thousands):
(Dollars in thousands)Year Ended
December 31,
2025$307,646 
2026184,994 
2027609,923 
2028480,364 
202923,152 
Thereafter521,020 
Total debt$2,127,099