Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2022

Following is a summary of the Company’s long-term debt:


(in thousands)	Maturity Date	Interest Rate	Interest Paid	Public / Nonpublic	December 31, 2022		December 31, 2021
Senior notes(1)	2/27/2023	3.28%	Semi-annually	Nonpublic	$	—	$	125,000
Senior bonds(2)	11/25/2025	3.80%	Semi-annually	Public	350,000		350,000
Revolving Credit Facility	7/9/2026	Variable	Varies	Nonpublic	—		—
Senior notes	10/10/2026	3.93%	Quarterly	Nonpublic	100,000		100,000
Senior notes	3/21/2030	3.96%	Quarterly	Nonpublic	150,000		150,000
Unamortized discount on senior bonds(2)	11/25/2025				(26)		(34)
Debt issuance costs					(1,157)		(1,523)
Total long-term debt					$	598,817	$	723,443

(1)On September 13, 2022, the Company used cash on hand to repay the $125 million of senior notes with a stated maturity date of February 27, 2023. There was no penalty for the early repayment of the senior notes.

(2)The senior bonds due in 2025 were issued at 99.975% of par.

Principal Maturities of Debt Outstanding

The principal maturities of debt outstanding on December 31, 2022 were as follows:


(in thousands)	Debt Maturities
2023	$	—
2024	—
2025	350,000
2026	100,000
2027	—
Thereafter	150,000
Long-term debt	$	600,000

- 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