Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of long-term debt instruments

The following table presents information about the Company’s total indebtedness at September 30, 2020 and December 31, 2019 (dollars in thousands):

	September 30, 2020						December 31, 2019
	Effective Interest Rate		Principal Amount		Carrying Amount		Effective Interest Rate		Principal Amount		Carrying Amount
7.25% Senior Notes due 2022	7.25	%	$	8,294	$	8,294	7.25	%	$	8,294	$	8,294
5.75% Senior Notes due 2022	5.75	%	172,048		172,048		5.75	%	182,479		182,479
5.375% Senior Notes due 2023	5.62	%	6,127		6,095		5.62	%	210,440		209,018
6.00% Senior Notes due 2023	6.28	%	56,436		56,029		6.28	%	1,439,840		1,426,998
5.875% Senior Secured Notes due 2024	6.14	%	300,000		297,109		6.14	%	300,000		296,647
6.00% Senior Notes due 2025	6.27	%	21,578		21,354		6.27	%	1,200,000		1,185,726
7.50% Senior Secured Notes due 2027	7.70	%	2,015,479		1,994,514		7.71	%	1,500,000		1,482,212
9.50% Senior Secured Second Lien Notes due 2027	9.68	%	940,590		932,175				—		—
6.00% Senior Notes due 2028	6.11	%	1,260,416		1,251,498				—		—
Term Loan Facility	5.21	%	3,304,013		3,281,385		6.21	%	3,329,625		3,302,675
Revolving Credit Facility	2.69	%	300,000		300,000		4.25	%	300,000		300,000
Total long-term debt, net			$	8,384,981	$	8,320,501			$	8,470,678	$	8,394,049
Less current portion, net			34,150		34,150				34,150		34,150
Total long-term debt, less current portion, net			$	8,350,831	$	8,286,351			$	8,436,528	$	8,359,899

Schedule of maturities of long-term debt

The following table presents, as of September 30, 2020, the maturities on our long-term debt for each of the five fiscal years subsequent to December 31, 2019 (in thousands):

	Maturities (1)(2)
2020 (3)	$	34,150
2021	$	34,150
2022 (4)	$	237,292
2023	$	96,713
2024 (4)	$	3,770,225

__________

(1)Certain amounts borrowed pursuant to the Credit Facilities will immediately mature if certain of our senior notes are not refinanced or repaid in full prior to the date that is 91 days prior to the respective stated maturity dates thereof. Accordingly, we may seek to repay or refinance certain senior notes prior to their stated maturity dates. The amounts in this maturities table do not reflect any such early repayment or refinancing; rather, they reflect stated maturity dates.

(2)With respect to the notes impacted by the Exchange Offers and the August 2020 Tender Offer, amounts included in the table above represent maturities as of September 30, 2020 after giving effect to such transactions.

(3)With respect to the Term Loan Facility, amounts in 2020 include both payments made through September 30, 2020 and expected payments for the remainder of 2020.

(4)Based on the Company’s borrowings under the Revolving Credit Facility that were outstanding at September 30, 2020, $22.8 million will mature in 2022, with the remainder maturing in 2024.