4.LONG-TERM DEBT

Long-term debt consists of the following:


	June 30, 2014		December 31, 2013
Revolver under credit facility, bearing interest ranging from 1.52% to 3.75%*	$	632,000	$	727,100
Term loan facility, bearing interest ranging from 1.65% to 2.04%*		660,000		700,000
2015 Notes, bearing interest at 6.22%		175,000		175,000
2016 Notes, bearing interest at 3.30%		100,000		100,000
2018 Notes, bearing interest at 4.00%		50,000		50,000
2019 Notes, bearing interest at 5.25%		175,000		175,000
2021 Notes, bearing interest at 4.64%		100,000		100,000
Tax-exempt bonds, bearing interest ranging from 0.06% to 0.18%*		32,825		33,030
Notes payable to sellers and other third parties, bearing interest at 2.5% to 10.9%*		10,468		12,845
		1,935,293		2,072,975
Less – current portion		(4,031)		(5,385)
	$	1,931,262	$	2,067,590

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*Interest rates in the table above represent the range of interest rates incurred during the six month period ended June 30, 2014.

On May 15, 2014, the Company entered into an amendment (the “Term Loan Amendment”) to its term loan facility, which changed the range of the additional interest margin applicable to borrowings under the term loan facility from a range of 1.375% to 2.375% to a range of 1.250% to 2.000% with respect to LIBOR borrowings and from a range of 0.375% to 1.375% to a range of 0.250% to 1.000% with respect to base rate borrowings. The Term Loan Amendment also eliminated the Company’s obligation to make principal payments on its term loans prior to maturity and made certain adjustments to the definition of LIBOR.