Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2018

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


	2018		2017
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		350,000
5.000% senior notes due 2026		400,000		400,000
Other obligations		51,393		58,852
Total debt		2,401,393		2,408,852
Less debt issuance costs		24,670		26,912
Total amounts outstanding		2,376,723		2,381,940
Less current maturities		24,234		28,795
Long-term debt	$	2,352,489	$	2,353,145

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	Date passed	Date passed	Date passed	104.125%	105.000%
				September 15, 2020	December 15, 2019

“Make-Whole” Option Date	Date passed	Date passed	October 1, 2019	September 15, 2020	December 15, 2021
First Call Price & Date	Date passed	Date passed	102.750%	102.063%	102.500%
			October 1, 2019	September 15, 2020	December 15, 2021

Second Call Price & Date	Date passed	101.750%	101.833%	101.031%	101.667%
		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, 2018, are as follows (in thousands):


2019	$	24,234
2020		3,908
2021		703,708
2022		3,174
2023		403,084
Thereafter		1,263,285
	$	2,401,393

- 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