| LONG-TERM DEBT |
Long-term debt, which includes finance leases, consisted of the following:
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June 30, 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 |
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$ |
832,533 |
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$ |
836,903 |
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Revolving credit facility |
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— |
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370,000 |
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| 6.5% Senior Secured Notes due 2027 |
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1,200,000 |
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1,200,000 |
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| 3.75% Senior Secured Notes due 2028 |
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500,000 |
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500,000 |
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| 4.875% Senior Notes due 2024 |
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575,000 |
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575,000 |
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| 5.625% Senior Notes due 2026 |
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300,000 |
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300,000 |
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| 4.75% Senior Notes due 2027 |
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950,000 |
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950,000 |
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| 2.0% Convertible Senior Notes due 2025 |
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400,000 |
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400,000 |
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| 3.125% Convertible Senior Notes due 2029 |
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1,000,000 |
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1,000,000 |
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| Other debt |
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503,293 |
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511,210 |
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| Total principal amount |
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6,260,826 |
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6,643,113 |
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Less: unamortized discounts and debt issuance costs |
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(42,752) |
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(49,701) |
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| Total debt, net of unamortized discounts and debt issuance costs |
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6,218,074 |
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6,593,412 |
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Less: current portion |
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1,137,272 |
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1,134,386 |
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| Total long-term debt, net |
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$ |
5,080,802 |
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$ |
5,459,026 |
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Future maturities of long-term debt at June 30, 2024 are as follows:
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(in thousands) |
| Remainder of 2024 |
$ |
1,124,827 |
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| 2025 |
26,146 |
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| 2026 |
1,398,114 |
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| 2027 |
2,153,784 |
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| 2028 |
1,515,675 |
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| Thereafter |
42,280 |
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| Total |
$ |
6,260,826 |
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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 Debt
As of June 30, 2024, other debt includes $275.0 million for a note due in 2026 related to an acquisition of a venue management business in the United States during the first quarter of 2023 and $123.3 million for a Euro-denominated note due in 2024 related to a venue management business located in Europe.
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