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DEBT (Tables)
3 Months Ended
Mar. 31, 2018
Schedule Of Debt Outstanding

Debt outstanding as of March 31, 2018 and December 31, 2017 consists of the following (in thousands):

 

 

 

March 31,

 

 

December 31,

 

 

 

2018

 

 

2017

 

$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, 2018 and December 31, 2017 was 3.3%

   and 3.1%, respectively.

 

$

198,000

 

 

$

199,000

 

Term Loan, scheduled principal payments through maturity in

   July 2020; interest payable periodically at variable interest

   rates. The rate at March 31, 2018 and December 31, 2017

   was 3.4% and 3.1%, respectively.  Unamortized debt issuance

   costs amounted to $0.3 million at both March 31, 2018

   and December 31, 2017.

 

 

82,500

 

 

 

85,000

 

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

   $3.1 million and $3.3 million at March 31, 2018 and

   December 31, 2017, 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

   $1.7 million and $1.9 million at March 31, 2018 and

   December 31, 2017, 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 $2.2 million

   and $2.3 million at March 31, 2018 and

   December 31, 2017, 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 $3.9 million

   and $4.0 million at March 31, 2018 and

   December 31, 2017, respectively.

 

 

250,000

 

 

 

250,000

 

4.5% Non-Recourse Mortgage Note, principal and interest at

   4.5% payable monthly until maturity in January 2033;

   Unamortized debt issuance costs amounted to

   $0.3 million at March 31, 2018.

 

 

24,309

 

 

 

 

Total debt

 

 

1,479,809

 

 

 

1,459,000

 

Unamortized debt issuance costs

 

 

(12,115

)

 

 

(11,813

)

Current portion of long-term debt

 

 

(12,429

)

 

 

(10,000

)

Long-term debt, net

 

$

1,455,265

 

 

$

1,437,187

 

 

Schedule of Principal Payments

Scheduled principal payments as of March 31, 2018 (prior to the amendment and restatement of the $900.0 Million Revolving Credit Facility, as further described in Note 12) for the remainder of 2018, the next four years, and thereafter were as follows (in thousands):

 

2018 (remainder)

 

$

8,380

 

2019

 

 

16,220

 

2020

 

 

584,276

 

2021

 

 

1,334

 

2022

 

 

251,396

 

Thereafter

 

 

618,203

 

Total debt

 

$

1,479,809