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DEBT (Tables)
6 Months Ended
Jun. 30, 2017
Schedule Of Debt Outstanding

Debt outstanding as of June 30, 2017 and December 31, 2016 consists of the following (in thousands):

 

 

 

June 30, 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

   June 30, 2017 and December 31, 2016 was 2.6% and 2.2%,

   respectively.

 

$

411,000

 

 

$

435,000

 

Term Loan, scheduled principal payments through maturity in

   July 2020; interest payable periodically at variable interest

   rates. The rate at June 30, 2017 and December 31, 2016

   was 2.7% and 2.3%, respectively.  Unamortized debt

   issuance costs amounted to $0.4 million at both

   June 30, 2017 and December 31, 2016.

 

 

90,000

 

 

 

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

   $3.6 million and $3.9 million at June 30, 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

   $2.3 million and $2.7 million at June 30, 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 $2.5 million

   and $2.8 million at June 30, 2017 and December 31, 2016,

   respectively.

 

 

250,000

 

 

 

250,000

 

Total debt

 

 

1,426,000

 

 

 

1,455,000

 

Unamortized debt issuance costs

 

 

(8,804

)

 

 

(9,831

)

Current portion of long-term debt

 

 

(10,000

)

 

 

(10,000

)

Long-term debt, net

 

$

1,407,196

 

 

$

1,435,169

 

 

Schedule of Principal Payments

Scheduled principal payments as of June 30, 2017 for the remainder of 2017, the next four years, and thereafter were as follows (in thousands):

 

2017 (remainder)

 

$

5,000

 

2018

 

 

10,000

 

2019

 

 

15,000

 

2020

 

 

796,000

 

2021

 

 

 

Thereafter

 

 

600,000

 

Total debt

 

$

1,426,000