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DEBT (Tables)
6 Months Ended
Jun. 30, 2016
Schedule Of Debt Outstanding

Debt outstanding as of June 30, 2016 and December 31, 2015 consists of the following (in thousands):

 

     June 30,
2016
     December 31,
2015
 

$900.0 Million Revolving Credit Facility, principal due at maturity in July 2020; interest payable periodically at variable interest rates. The weighted average rate at June 30, 2016 and December 31, 2015 was 2.0% and 1.9%, respectively.

   $ 444,000       $ 439,000   

Term Loan, scheduled principal payments through maturity in July 2020; interest payable periodically at variable interest rates. The rate at both June 30, 2016 and December 31, 2015 was 2.0%. Unamortized debt issuance costs amounted to $0.5 million and $0.6 million at June 30, 2016 and December 31, 2015, respectively.

     97,500         100,000   

4.625% Senior Notes, principal due at maturity in May 2023; interest payable semi-annually in May and November at 4.625%. Unamortized debt issuance costs amounted to $4.3 million and $4.5 million at June 30, 2016 and December 31, 2015, respectively.

     350,000         350,000   

4.125% Senior Notes, principal due at maturity in April 2020; interest payable semi-annually in April and October at 4.125%. Unamortized debt issuance costs amounted to $3.1 million and $3.5 million at June 30, 2016 and December 31, 2015, respectively.

     325,000         325,000   

5.0% Senior Notes, principal due at maturity in October 2022; interest payable semi-annually in April and October at 5.0%. Unamortized debt issuance costs amounted to $3.0 million and $3.3 million at June 30, 2016 and December 31, 2015, respectively.

     250,000         250,000   
  

 

 

    

 

 

 

Total debt

     1,466,500         1,464,000   

Unamortized debt issuance costs

     (10,858      (11,923

Current portion of long-term debt

     (7,500      (5,000
  

 

 

    

 

 

 

Long-term debt, net

   $ 1,448,142       $ 1,447,077   
  

 

 

    

 

 

 
Schedule of Principal Payments

Debt Maturities. Scheduled principal payments as of June 30, 2016 for the remainder of 2016, the next four years, and thereafter were as follows (in thousands):

 

2016 (remainder)

   $ 2,500   

2017

     10,000   

2018

     10,000   

2019

     15,000   

2020

     829,000   

Thereafter

     600,000   
  

 

 

 

Total debt

   $ 1,466,500