The components of long-term debt are as follows:



(in 000s)
As of April 30,	2015			2014
Senior Notes, 5.500%, due November 2022	$	497,894		$	497,612
Senior Notes, 5.125%, due October 2014	—			399,882
Capital lease obligation, due over the next 9 years	8,194			8,980
	506,088			906,474
Less: Current portion	(790		)	(400,637		)
	$	505,298		$	505,837

UNSECURED COMMITTED LINE OF CREDIT – In August 2012, we entered into a five-year, $1.5 billion unsecured committed line of credit governed by a Credit and Guarantee Agreement (2012 CLOC). The 2012 CLOC bears interest at an annual rate of LIBOR plus an applicable rate ranging from 0.750% to 1.45% or PRIME plus an applicable rate ranging from 0.000% to 0.450% (depending on the type of borrowing and our then current credit ratings) and includes an annual facility fee ranging from 0.125% to 0.300% of the committed amounts (also depending on our then current credit ratings). The 2012 CLOC is subject to various conditions, triggers, events or occurrences that could result in earlier termination and contains customary representations, warranties, covenants and events of default, including, without limitation: (1) a covenant requiring the Company to maintain a debt-to-EBITDA ratio calculated on a consolidated basis of no greater than (a) 3.50 for the fiscal quarters ending on April 30, July 31, and October 31 of each year and (b) 3.75 for the fiscal quarter ending on January 31 of each year; (2) a covenant requiring us to maintain an interest coverage (EBITDA-to-interest expense) ratio calculated on a consolidated basis of no less than 2.50 as of the last date of any fiscal quarter; and (3) covenants restricting our ability to incur additional debt, incur liens, merge or consolidate with other companies, sell or dispose of their respective assets (including equity interests), liquidate or dissolve, make investments, loans, advances, guarantees and acquisitions, and engage in certain transactions with affiliates or certain restrictive agreements. The 2012 CLOC includes provisions that allow for the issuance of equity which would be added to EBITDA in determining compliance with the financial covenant calculations as a separate and additional means to avoid a shortfall. We were in compliance with these requirements as of April 30, 2015. We had no balance outstanding under the 2012 CLOC as of April 30, 2015; however, we may borrow amounts under the 2012 CLOC from time to time in the future to support working capital requirements or for general corporate purposes.

SENIOR NOTES – On October 25, 2012, we issued $500.0 million of 5.50% Senior Notes due November 1, 2022. The Senior Notes are not redeemable by the bondholders prior to maturity. The Senior Notes' interest rate is subject to adjustment based upon our credit ratings.

The 5.50% Senior Notes due 2022 were issued by our 100% owned subsidiary Block Financial and were fully and unconditionally guaranteed by H&R Block, Inc. The notes and the guarantees are senior unsecured obligations of the two entities. The indenture governing the notes does not contain any financial covenants and contains only limited restrictive covenants.

In October 2014, our $400.0 million of 5.125% Senior Notes matured and, utilizing available cash on hand, we repaid them according to their terms.

OTHER INFORMATION – The aggregate payments required to retire long-term debt are $0.8 million, $0.8 million, $1.0 million, $1.0 million, $1.1 million and $501.4 million in fiscal years 2016, 2017, 2018, 2019, 2020 and beyond, respectively.

HRB Bank is a member of the FHLB, which extends credit to member banks based on eligible collateral. As of April 30, 2015, HRB Bank had FHLB advance capacity of $149.1 million. As of April 30, 2015, we had no amounts outstanding on this facility. AFS securities of $157.4 million serve as eligible collateral and are used to determine total capacity.