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DEBT (Tables)
12 Months Ended
Dec. 31, 2017
Schedule Of Debt Outstanding

Debt outstanding consists of the following (in thousands):

 

 

 

December 31,

 

 

 

2017

 

 

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 December 31, 2017 and 2016 was 3.1% and 2.2%, respectively.

 

$

199,000

 

 

$

435,000

 

Term Loan, scheduled principal payments through maturity in July 2020; interest payable periodically at variable interest rates. The rate at December 31, 2017 and 2016 was 3.1% and 2.3%, respectively.  Unamortized debt issuance costs amounted to $0.3 million and $0.4 million at December 31, 2017 and 2016, respectively.

 

 

85,000

 

 

 

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 $3.3 million and $3.9 million at December 31, 2017 and 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 $1.9 million and $2.7 million at December 31, 2017 and 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 $2.3 million and $2.8 million at December 31, 2017 and 2016, respectively.

 

 

250,000

 

 

 

250,000

 

4.75% Senior Notes, principal due at maturity in October 2027; interest payable semi-annually in April and October at 4.75%. Unamortized debt issuance costs amounted to $4.0 million at December 31, 2017.

 

 

250,000

 

 

 

 

Total debt

 

 

1,459,000

 

 

 

1,455,000

 

Unamortized debt issuance costs

 

 

(11,813

)

 

 

(9,831

)

Current portion of long-term debt

 

 

(10,000

)

 

 

(10,000

)

Long-term debt, net

 

$

1,437,187

 

 

$

1,435,169

 

 

Schedule of Principal Payments

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

 

2018

 

$

10,000

 

2019

 

 

15,000

 

2020

 

 

584,000

 

2021

 

 

 

2022

 

 

250,000

 

Thereafter

 

 

600,000

 

Total debt

 

$

1,459,000