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DEBT (Tables)
12 Months Ended
Dec. 31, 2016
Schedule Of Debt Outstanding

Debt outstanding consists of the following (in thousands):

 

     December 31,  
     2016      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 December 31, 2016 and 2015 was 2.2% and 1.9%, respectively.

   $ 435,000      $ 439,000  

Term Loan, scheduled principal payments through maturity in July 2020; interest payable periodically at variable interest rates. The rate at December 31, 2016 and 2015 was 2.3% and 2.0%, respectively. Unamortized debt issuance costs amounted to $0.4 million and $0.6 million at December 31, 2016 and 2015, respectively.

     95,000        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 $3.9 million and $4.5 million at December 31, 2016 and 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 $2.7 million and $3.5 million at December 31, 2016 and 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 $2.8 million and $3.3 million at December 31, 2016 and 2015, respectively.

     250,000        250,000  
  

 

 

    

 

 

 

Total debt

     1,455,000        1,464,000  

Unamortized debt issuance costs

     (9,831      (11,923

Current portion of long-term debt

     (10,000      (5,000
  

 

 

    

 

 

 

Long-term debt, net

   $ 1,435,169      $ 1,447,077  
  

 

 

    

 

 

 
Schedule of Principal Payments

Scheduled principal payments as of December 31, 2016 for the next five years and thereafter were as follows (in thousands):

 

2017

   $ 10,000   

2018

     10,000   

2019

     15,000   

2020

     820,000   

2021

     —     

Thereafter

     600,000   
  

 

 

 

Total debt

   $ 1,455,000