| LONG-TERM DEBT |
Long-term debt, which includes finance leases, consisted of the following:
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March 31, 2024 |
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December 31, 2023 |
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(in thousands) |
| Senior Secured Credit Facility: |
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Term loan B |
834,718 |
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836,903 |
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Revolving credit facility |
— |
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370,000 |
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| 6.5% Senior Secured Notes due 2027 |
1,200,000 |
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1,200,000 |
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| 3.75% Senior Secured Notes due 2028 |
500,000 |
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500,000 |
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| 4.875% Senior Notes due 2024 |
575,000 |
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575,000 |
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| 5.625% Senior Notes due 2026 |
300,000 |
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300,000 |
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| 4.75% Senior Notes due 2027 |
950,000 |
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950,000 |
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| 2.0% Convertible Senior Notes due 2025 |
400,000 |
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400,000 |
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| 3.125% Convertible Senior Notes due 2029 |
1,000,000 |
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1,000,000 |
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| Other long-term debt |
505,980 |
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511,210 |
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| Total principal amount |
6,265,698 |
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6,643,113 |
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| Less: unamortized discounts and debt issuance costs |
(46,225) |
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(49,701) |
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| Total long-term debt, net of unamortized discounts and debt issuance costs |
6,219,473 |
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6,593,412 |
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| Less: current portion |
1,137,262 |
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1,134,386 |
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| Total long-term debt, net |
$ |
5,082,211 |
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$ |
5,459,026 |
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Future maturities of long-term debt at March 31, 2024 are as follows:
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(in thousands) |
| Remainder of 2024 |
$ |
1,128,810 |
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| 2025 |
25,700 |
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| 2026 |
1,398,192 |
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| 2027 |
2,153,870 |
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| 2028 |
1,515,542 |
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| Thereafter |
43,584 |
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| Total |
$ |
6,265,698 |
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All long-term debt without a stated maturity date is considered current and is reflected as maturing in the earliest period shown in the table above. See Note 5 – Fair Value Measurements for discussion of the fair value measurement of our long-term debt.
Other Long-term Debt
As of March 31, 2024, other long-term debt includes $275.0 million for a note due in 2026 related to an acquisition of a venue management business during the first quarter of 2023 in the United States and $124.4 million for a Euro denominated note due in 2024.
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