DEBT (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Schedule of long-term debt instruments

The following table presents information about the Company’s total indebtedness at September 30, 2021 and December 31, 2020 (dollars in thousands):

	September 30, 2021						December 31, 2020
	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	%	172,048		172,048
5.375% Senior Notes due 2023	5.62	%	6,127		6,109		5.62	%	6,127		6,098
6.00% Senior Notes due 2023	6.28	%	56,436		56,167		6.28	%	56,436		56,063
5.875% Senior Secured Notes due 2024	6.14	%	300,000		297,758		6.14	%	300,000		297,267
6.00% Senior Notes due 2025	6.27	%	21,578		21,401		6.27	%	21,578		21,366
7.50% Senior Secured Notes due 2027	7.70	%	2,015,479		1,997,099		7.70	%	2,015,479		1,995,142
9.50% Senior Secured Second Lien Notes due 2027	9.68	%	940,590		933,088		9.68	%	940,590		932,395
6.00% Senior Notes due 2028	6.11	%	1,260,416		1,252,426		6.11	%	1,260,416		1,251,725
6.125% Senior Secured Notes due 2029	6.34	%	1,295,000		1,278,278				—		—
Term Loan Facility	6.12	%	1,990,000		1,951,348		5.21	%	3,295,475		3,274,330
Revolving Credit Facility	2.63	%	300,000		300,000		2.69	%	300,000		300,000
Total long-term debt, net			$	8,365,968	$	8,274,016			$	8,376,443	$	8,314,728
Less: current portion, net			223,142		223,142				34,150		34,150
Total long-term debt, less current portion, net			$	8,142,826	$	8,050,874			$	8,342,293	$	8,280,578

Schedule of maturities of long-term debt

The following table presents, as of September 30, 2021, the maturities on our long-term debt for each of the five fiscal years subsequent to December 31, 2020 (in thousands):

	Maturities (1)
2021 (2)	$	37,800
2022	$	200,342
2023	$	82,563
2024 (2)	$	394,600
2025	$	41,578

__________

(1)Per the terms of the Credit Agreement, certain amounts borrowed pursuant to the Credit Facilities could mature prior to their scheduled maturity date if certain of our senior notes are not refinanced or repaid 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 or otherwise may be required to repay certain amounts borrowed pursuant to the Credit Facilities prior to their scheduled maturity dates. The amounts in this maturities table do not generally reflect any potential early repayments or refinancings, except for any that have already been triggered as of the date this report was issued. For additional information, refer to the discussion above under the heading “Credit Facilities.”

(2)Based on the Company’s borrowings under the Revolving Credit Facility that were outstanding at September 30, 2021, $22.8 million matured in October 2021 and $74.6 million will mature in 2024, with the remainder maturing in 2026.