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Long-term debt (Tables)
3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

Our long-term debt is summarized below (in thousands):

 

 

Mar. 31, 2025

 

 

Dec. 31, 2024

 

 

 

 

 

 

 

Unsecured notes bearing fixed rate interest at 4.75% due March 2026

$

550,000

 

 

$

550,000

 

Unsecured notes bearing fixed rate interest at 7.75% due June 2027

 

200,000

 

 

 

200,000

 

Unsecured notes bearing fixed rate interest at 7.25% due September 2027

 

240,000

 

 

 

240,000

 

Unsecured notes bearing fixed rate interest at 4.625% due March 2028

 

1,000,000

 

 

 

1,000,000

 

Unsecured notes bearing fixed rate interest at 5.00% due September 2029

 

1,100,000

 

 

 

1,100,000

 

Total outstanding principal

 

3,090,000

 

 

 

3,090,000

 

Debt issuance costs

 

(16,029

)

 

 

(17,285

)

Unamortized discounts

 

3,403

 

 

 

3,736

 

Total debt, net

 

3,077,374

 

 

 

3,076,451

 

Less current portion, net

 

548,454

 

 

 

 

Total long-term debt, net

$

2,528,920

 

 

$

3,076,451