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DEBT (Tables)
3 Months Ended
Mar. 31, 2017
Schedule Of Debt Outstanding

Debt outstanding as of March 31, 2017 and December 31, 2016 consists of the following (in thousands):

 

     March 31,
2017
     December 31,
2016
 

$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 March 31, 2017 and December 31, 2016 was 2.5% and 2.2%, respectively.

   $ 423,000      $ 435,000  

Term Loan, scheduled principal payments through maturity in July 2020; interest payable periodically at variable interest rates. The rate at March 31, 2017 and December 31, 2016 was 2.5% and 2.3%, respectively. Unamortized debt issuance costs amounted to $0.4 million at both March 31, 2017 and December 31, 2016.

     92,500        95,000  

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 $3.8 million and $3.9 million at March 31, 2017 and December 31, 2016, 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 $2.5 million and $2.7 million at March 31, 2017 and December 31, 2016, 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 $2.6 million and $2.8 million at March 31, 2017 and December 31, 2016, respectively.

     250,000        250,000  
  

 

 

    

 

 

 

Total debt

     1,440,500        1,455,000  

Unamortized debt issuance costs

     (9,318      (9,831

Current portion of long-term debt

     (10,000      (10,000
  

 

 

    

 

 

 

Long-term debt, net

   $ 1,421,182      $ 1,435,169  
  

 

 

    

 

 

 
Schedule of Principal Payments

Scheduled principal payments as of March 31, 2017 for the remainder of 2017, the next four years, and thereafter were as follows (in thousands):

 

2017 (remainder)

   $ 7,500  

2018

     10,000  

2019

     15,000  

2020

     808,000  

2021

     —    

Thereafter

     600,000  
  

 

 

 

Total debt

   $ 1,440,500