| Summary of Senior Unsecured Notes |
The following is a summary of the Company's outstanding senior notes (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | December 31, 2024 | | Facility Type | | Maturity Date | | Stated Interest
Rate | | Carrying Amount | | Outstanding Principal | | Carrying Amount | | Outstanding Principal | 2025 Senior notes(1) | | 11/15/2025 | | 5.500 | % | | $ | — | | | $ | — | | | $ | 798,084 | | | $ | 800,000 | | 2027 Senior notes(2) | | 06/15/2027 | | 5.750 | % | | 498,736 | | | 500,000 | | | 497,870 | | | 500,000 | | 2029 Senior notes(3) | | 04/15/2029 | | 5.500 | % | | 697,120 | | | 700,000 | | | 696,245 | | | 700,000 | | 2030 Senior notes(4) | | 02/01/2030 | | 6.625 | % | | 794,324 | | | 800,000 | | | 793,127 | | | 800,000 | | 2031 Senior notes(5) | | 03/15/2031 | | 6.250 | % | | 991,795 | | | 1,000,000 | | | — | | | — | | Total senior notes | | | | | | $ | 2,981,975 | | | $ | 3,000,000 | | | $ | 2,785,326 | | | $ | 2,800,000 | | | | | | | | | | | | | | | | Weighted average effective interest rate | | 6.25% | | 6.05% | | | | | | | | | | | | | | (1) Carrying amount includes $1.9 million of unamortized debt issuance costs and discounts as of December 31, 2024. | (2) Carrying amount includes $1.3 million and $2.1 million of unamortized debt issuance costs and discounts as of December 31, 2025 and December 31, 2024, respectively. | (3) Carrying amount includes $2.9 million and $3.8 million of unamortized debt issuance costs and discounts as of December 31, 2025 and December 31, 2024, respectively. | (4) Carrying amount includes $5.7 million and $6.9 million of unamortized debt issuance costs and discounts as of December 31, 2025 and December 31, 2024, respectively. | (5) Carrying amount includes $8.2 million of unamortized debt issuance costs and discounts as of December 31, 2025. |
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