Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2017

The company’s borrowings consisted of the following at December 31 (in thousands):


	2017		2016
5.125% senior notes due 2021	$	700,000	$	700,000
5 1/₄% senior notes due 2023		400,000		400,000
5.500% senior notes due 2024		500,000		500,000
4.125% senior notes due 2025		350,000		-
5.000% senior notes due 2026		400,000		400,000
6 3/₈% senior notes due 2022		-		350,000
Other obligations		58,852		36,791
Total debt		2,408,852		2,386,791
Less debt issuance costs		26,912		29,965
Total amounts outstanding		2,381,940		2,356,826
Less current maturities		28,795		3,632
Long-term debt	$	2,353,145	$	2,353,194

Schedule of Debt



Issue	2021 Notes	2023 Notes	2024 Notes	2025 Notes	2026 Notes
Outstanding Balance	$700.0 million	$400.0 million	$500.0 million	$350.0 million	$400.0 million
Stated Interest Rate	5.125%	5 1/₄%	5.500%	4.125%	5.000%
Semi-Annual Interest Payment Dates	April 1 and	April 15 and	April 1 and	March 15 and	June 15 and
	October 1	October 15	October 1	September 15	December 15
Equity Redemption Option Price & Date	N/A – date	N/A – date	N/A – date	104.125%	105.000%
	passed	passed	passed	September 15, 2020	December 15, 2019
“Make-Whole” Option Date	N/A – date passed	April 15, 2018	October 1, 2019	September 15, 2020	December 15, 2021
First Call Price & Date	N/A – date	102.625%	102.750%	102.063%	102.500%
	passed	April 15, 2018	October 1, 2019	September 15, 2020	December 15, 2021
Second Call Price & Date	101.281%	101.750%	101.833%	101.031%	101.667%
	October 1, 2018	April 15, 2019	October 1, 2020	September 15, 2021	December 15, 2022
Third Call Price & Date	100.000%	100.875%	100.917%	100.000%	100.833%
	October 1, 2019	April 15, 2020	October 1, 2021	September 15, 2022	December 15, 2023
Fourth Call Price & Date	-	100.000%	100.000%	-	100.000%
		April 15, 2021	October 1, 2022		December 15, 2024
Maturity Date	October 1, 2021	April 15, 2023	October 1, 2024	September 15, 2025	December 15, 2026

Schedule of Maturities of Long-term Debt

Maturities of outstanding debt as of December 31, 2017, are as follows (in thousands):


2018	$	28,795
2019		3,291
2020		3,492
2021		703,708
2022		3,174
Thereafter		1,666,392
	$	2,408,852

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details