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Debt (Tables)
12 Months Ended
Dec. 31, 2022
Debt Instrument [Line Items]  
Summary of Debt

Debt consisted of the following (in thousands):

 

 

December 31, 2022

 

 

December 31, 2021

 

Senior Credit Facility:

 

 

 

 

 

 

Term loan

 

$

—

 

 

$

762,000

 

Unamortized debt issuance costs on term loan

 

 

—

 

 

 

(2,733

)

Unamortized discount on term loan

 

 

—

 

 

 

(1,152

)

Revolver

 

 

—

 

 

 

784,895

 

Total Senior Credit Facility

 

 

-

 

 

 

1,543,010

 

Exchange Credit Agreement [*]

 

 

 

 

 

 

Tranche 1 Loans

 

 

846,445

 

 

 

-

 

Unamortized premium on tranche 1 loans

 

 

25,345

 

 

 

-

 

Unamortized debt issuance costs on tranche 1 loans

 

 

(22,575

)

 

 

-

 

Tranche 2 Loans

 

 

236,794

 

 

 

-

 

Unamortized discount on tranche 2 loans

 

 

(2,922

)

 

 

-

 

Unamortized debt issuance costs on tranche 2 loans

 

 

(6,310

)

 

 

-

 

Revolver

 

 

30,000

 

 

 

-

 

Total Exchange Credit Agreement

 

 

1,106,777

 

 

 

-

 

10.500% Public Second Lien Notes due 2028

 

 

 

 

 

 

Notes Due in 2028

 

 

286,521

 

 

 

-

 

Unamortized discount

 

 

(15,457

)

 

 

-

 

Unamortized debt issuance costs

 

 

(7,811

)

 

 

-

 

Total 10.500% Public Second Lien Notes due 2028

 

 

263,253

 

 

 

-

 

9.500% Private Second Lien Notes due 2028

 

 

 

 

 

 

Notes Due in 2028

 

 

239,142

 

 

 

-

 

Unamortized discount

 

 

(22,524

)

 

 

-

 

Unamortized debt issuance costs

 

 

(6,551

)

 

 

-

 

Total 9.500% Private Second Lien Notes due 2028

 

 

210,067

 

 

 

-

 

6.50% Exchangeable Senior Notes:

 

 

 

 

 

 

Notes Due in 2026

 

 

230,000

 

 

 

230,000

 

Unamortized debt issuance costs

 

 

(6,489

)

 

 

(8,246

)

Total 6.50% Exchangeable Senior Notes Due in 2026

 

 

223,511

 

 

 

221,754

 

6.00% Senior Notes:

 

 

 

 

 

 

Notes Due in 2026

 

 

110,858

 

 

 

350,000

 

Unamortized debt issuance costs

 

 

(776

)

 

 

(3,099

)

Total 6.00% Senior Notes Due in 2026

 

 

110,082

 

 

 

346,901

 

5.875% Senior Notes:

 

 

 

 

 

 

Notes Due in 2024

 

 

23,253

 

 

 

225,293

 

Unamortized debt issuance costs

 

 

(96

)

 

 

(1,410

)

Total 5.875% Senior Notes Due in 2024

 

 

23,157

 

 

 

223,883

 

5.125% Senior Notes:

 

 

 

 

 

 

Notes Due in 2023

 

 

-

 

 

 

259,275

 

Unamortized debt issuance costs

 

 

-

 

 

 

(1,221

)

Total 5.125% Senior Notes Due in 2023

 

 

-

 

 

 

258,054

 

Non-Recourse Debt:

 

 

 

 

 

 

Non-Recourse Debt

 

 

-

 

 

 

310,108

 

Unamortized debt issuance costs on non-recourse debt

 

 

-

 

 

 

(4,556

)

Total Non-Recourse Debt

 

 

-

 

 

 

305,552

 

Finance Lease Obligations

 

 

1,977

 

 

 

3,843

 

Other debt

 

 

40,323

 

 

 

41,363

 

Total debt

 

 

1,979,147

 

 

 

2,944,360

 

Current portion of finance lease obligations, long-term debt and non-recourse debt

 

 

(44,722

)

 

 

(18,568

)

Finance Lease Obligations, long-term portion

 

 

(1,280

)

 

 

(1,977

)

Non-Recourse Debt, long-term portion

 

 

-

 

 

 

(297,856

)

Long-Term Debt

 

$

1,933,145

 

 

$

2,625,959

 

Debt Repayment Schedules Under Capital Lease Obligations, Long-Term Debt and Non-Recourse Debt

Debt repayment schedules under Finance Lease Obligations, Long-Term Debt, Term Loans and the Exchange Credit Agreement are as follows:

 

Fiscal Year

 

Finance
Leases

 

 

Long-Term
Debt

 

 

Revolver

 

 

Term
Loans

 

 

Total
Repayment

 

 

 

(In thousands)

 

2023

 

$

759

 

 

$

1,166

 

 

$

—

 

 

$

42,860

 

 

$

44,785

 

2024

 

 

759

 

 

 

24,461

 

 

 

30,000

 

 

 

42,860

 

 

 

98,080

 

2025

 

 

536

 

 

 

1,274

 

 

 

—

 

 

 

42,860

 

 

 

44,670

 

2026

 

 

29

 

 

 

342,183

 

 

 

—

 

 

 

42,860

 

 

 

385,072

 

2027

 

 

—

 

 

 

1,383

 

 

 

—

 

 

 

911,801

 

 

 

913,184

 

Thereafter

 

 

—

 

 

 

560,215

 

 

 

—

 

 

 

—

 

 

 

560,215

 

 

 

 

2,083

 

 

 

930,682

 

 

 

30,000

 

 

 

1,083,241

 

 

 

2,046,006

 

Interest imputed on finance leases

 

 

(106

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(106

)

Original issue (discount) premium

 

 

—

 

 

 

(37,981

)

 

 

—

 

 

 

22,423

 

 

 

(15,558

)

Current portion

 

 

(697

)

 

 

(1,166

)

 

 

—

 

 

 

(42,860

)

 

 

(44,723

)

Non-current portion

 

$

1,280

 

 

$

891,535

 

 

$

30,000

 

 

$

1,062,804

 

 

$

1,985,619