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Debt (Tables)
9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
Debt consisted of the following (in thousands):
 September 30, 2024December 31, 2023
7.500% Senior Notes
$595,405 $— 
Credit Facility
175,000 — 
Delayed Draw Term Loan
— 417,260 
Cantor Credit Agreement
— 130,000 
Long-term debt770,405 547,260 
Total corporate debt
$770,405 $547,260 
The carrying amount of the Delayed Draw Term Loan was determined as follows (in thousands):
 September 30, 2024December 31, 2023
Principal balance$— $420,000 
Less: debt issue cost— 2,740 
Total$— $417,260 
 Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Interest expense$— $— $1,038 $— 
Debt issue cost amortization— — 16 — 
Acceleration of debt issuance costs
— — $2,653 $— 
Total$— $— $3,707 $— 
Schedule of Debt Interest expense, amortization of debt issue costs and amortization of the debt discount of the 6.125% Senior Notes, included in “Interest expense, net” on the accompanying unaudited condensed consolidated statements of operations, were as follows (in thousands):
 Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Interest expense$— $8,422 $— 25,266 
Debt issue cost amortization— 321 — 963 
Debt discount amortization— 339 — 1,000 
Total$— $9,082 $— $27,229 
The carrying amount of the 7.500% Senior Notes was determined as follows (in thousands):

 September 30, 2024December 31, 2023
Principal balance$600,000 $— 
Less: debt issue cost4,595 — 
    Total
$595,405 $— 
Interest expense, amortization of debt issue costs of the 7.500% Senior Notes, included in “Interest expense, net” on the accompanying unaudited condensed consolidated statements of operations, were as follows (in thousands):
 Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Interest expense$11,250 $— $32,375 $— 
Debt issue cost amortization271 — 772 — 
Total$11,521 $— $33,147 $— 
Interest expense and amortization of debt issue costs of the Credit Facility, included in “Interest expense, net” on the accompanying unaudited condensed consolidated statements of operations, were as follows (in thousands):
 Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Interest expense$2,725 $2,260 $5,369 $7,536 
Debt issue cost amortization354 264 972 975 
Unused facility fee236 247 792 697 
Total$3,315 $2,771 $7,133 $9,208