XML 48 R34.htm IDEA: XBRL DOCUMENT v3.25.3
Borrowings (Tables)
12 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
The Company's debt, net of unamortized debt issuance costs consisted of the following as of September 30, 2025 and 2024:
in thousandsMaturity DateSeptember 30, 2025September 30, 2024
5.875% Senior Notes (2027 Notes)
October 2027$357,255 $357,255 
7.250% Senior Notes (2029 Notes)
October 2029350,000 350,000 
7.500% Senior Notes (2031 Notes)
March 2031250,000 250,000 
Unamortized debt issuance costs(6,611)(8,310)
Total Senior Notes, net950,644 948,945 
Junior Subordinated Notes (net of unamortized accretion of $22,303 and $24,369, respectively)
July 203678,470 76,404 
Senior Unsecured Revolving Credit FacilityMarch 2028 — 
Total debt, net$1,029,114 $1,025,349 
Schedule of Maturities of Long-Term Debt
As of September 30, 2025, the future maturities of our borrowings were as follows:
Fiscal Years Ending September 30,
in thousands
2026$ 
2027 
2028357,255 
2029 
2030350,000 
Thereafter350,773 
Total $1,058,028 
Schedule of Debt Instrument Redemption
For additional redemption features, refer to the table below that summarizes the redemption terms of our Senior Notes:
Senior Note Description Issuance DateMaturity DateRedemption Terms
5.875% Senior Notes
October 2017October 2027
Callable at any time prior to October 15, 2022, in whole or in part, at a redemption price equal to 100.000% of the principal amount, plus a customary make-whole premium; on or after October 15, 2022, callable at a redemption price equal to 102.938% of the principal amount; on or after October 15, 2023, callable at a redemption price equal to 101.958% of the principal amount; on or after October 15, 2024, callable at a redemption price equal to 100.979% of the principal amount; on or after October 15, 2025, callable at a redemption price equal to 100.000% of the principal amount, plus, in each case, accrued and unpaid interest.
7.250% Senior Notes
September 2019October 2029
Callable at any time prior to October 15, 2024, in whole or in part, at a redemption price equal to 100.000% of the principal amount, plus a customary make-whole premium; on or after October 15, 2024, callable at a redemption price equal to 103.625% of the principal amount; on or after October 15, 2025, callable at a redemption price equal to 102.417% of the principal amount; on or after October 15, 2026, callable at a redemption price equal to 101.208% of the principal amount; on or after October 15, 2027, callable at a redemption price equal to 100.000% of the principal amount, plus, in each case, accrued and unpaid interest.
7.500% Senior Notes
March 2024March 2031
On or prior to March 15, 2027, we may redeem up to 35% of the aggregate principal amount of the 2031 Notes with the net cash proceeds of certain equity offerings at a redemption price equal to 107.500% of the principal amount, plus accrued and unpaid interest to, but excluding, the redemption date, provided at least 65% of the aggregate principal amount of the 2031 Notes originally issued remains outstanding immediately after such redemption.
Callable at any time prior to March 15, 2027, in whole or in part, at a redemption price equal to 100.000% of the principal amount, plus a customary make-whole premium; on or after March 15, 2027, callable at a redemption price equal to 103.750% of the principal amount; on or after March 15, 2028, callable at a redemption price equal to 101.875% of the principal amount; on or after March 15, 2029, callable at a redemption price equal to 100.000% of the principal amount, plus, in each case, accrued and unpaid interest.