Quarterly report [Sections 13 or 15(d)]

DEBT (Tables)

v3.25.2
DEBT (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Components of Long-term Debt
Components of long-term debt were as follows:
(in thousands) June 30, 2025 December 31, 2024
2035 Senior Notes $ 500,000  $ — 
Revolving Credit Facility   397,000 
Total long-term debt $ 500,000  $ 397,000 
Less: unamortized debt discount (7,515) — 
Less: unamortized debt issuance costs (7,207) (1,690)
Total long-term debt, net $ 485,278  $ 395,310 
Schedule of Debt Information with respect to our outstanding commercial paper borrowings is as follows:
(in thousands) June 30, 2025 December 31, 2024
Outstanding borrowings (1)
$ 59,989  $ — 
Weighted average annual interest rate 4.57  % — 
Weighted average remaining term 2.5 days — 
(1) Outstanding commercial paper borrowings are net of unamortized discount and are presented under the short-term debt caption of our condensed consolidated statements of financial position.