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INDEBTEDNESS (Tables)
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Summary of Debt Facilities

The following table summarizes the Company’s debt facilities for the periods indicated:

 

 

As of
September 30,
2022

 

 

As of
December 31,
2021

 

 

(in thousands)

 

Principal amount of the 2024 Notes

$

419,371

 

 

$

569,993

 

Principal amount of the 2027 Notes

 

1,150,000

 

 

 

—

 

Unamortized discount - debt issuance costs of 2024 Notes

 

(3,460

)

 

 

(6,320

)

Unamortized discount - debt issuance costs of 2027 Notes

 

(23,141

)

 

 

—

 

Net carrying value of the convertible notes

 

1,542,770

 

 

 

563,673

 

Principal amount of the 2019 Term Loan

 

—

 

 

 

550,000

 

Unamortized discounts

 

—

 

 

 

(16,797

)

Net carrying value of 2019 Term Loan

 

—

 

 

 

533,203

 

Total carrying value of debt facilities

$

1,542,770

 

 

$

1,096,876

 

 

 

 

 

 

 

Fair value of 2024 Notes

$

704,422

 

 

$

846,138

 

Fair value of 2027 Notes

 

1,194,609

 

 

 

—

 

Fair value of 2019 Term Loan

 

—

 

 

 

576,085

 

Total fair value of debt facilities

$

1,899,031

 

 

$

1,422,223

 
For the three months ended September 30, 2022 and 2021,
Summarizes Total Gross Payments Due under Company's Debt Arrangements

The following table summarizes the total principal payments due under the Company’s debt arrangements:

 

 

 

As of
September 30, 2022

 

 

 

(in thousands)

 

2022 (October-December)

 

$

—

 

2023

 

 

—

 

2024

 

 

419,371

 

2025

 

 

—

 

2026

 

 

—

 

2027

 

 

1,150,000

 

Total payments

 

$

1,569,371