Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2018

Long-Term Debt [Abstract]

Long-Term Debt

The following table presents the Company’s long-term debt as of September 30, 2018 and December 31, 2017:

	September 30, 2018		December 31, 2017
Revolver under Credit Agreement, bearing interest at 2.93%  (a)	$	169,950	$	192,101
Term loan under Credit Agreement, bearing interest at 3.34%  (a)		1,637,500		1,637,500
2018 Senior Notes		-		50,000
2019 Senior Notes		175,000		175,000
2021 Senior Notes		100,000		100,000
New 2021 Senior Notes		150,000		150,000
2022 Senior Notes		125,000		125,000
2023 Senior Notes		200,000		200,000
2024 Senior Notes		150,000		150,000
2025 Senior Notes		375,000		375,000
2026 Senior Notes		400,000		400,000
2027 Senior Notes		250,000		250,000
Tax-exempt bond, bearing interest at 1.61%  (a)		15,930		95,430
Notes payable to sellers and other third parties, bearing interest ranging from 2.75% to 24.81%  (a)		14,950		26,290
		3,763,330		3,926,321
Less – current portion		(1,753)		(11,659)
Less – debt issuance costs		(14,368)		(15,090)
	$	3,747,209	$	3,899,572

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(a) Interest rates represent the interest rates incurred at September 30, 2018.  

Details of the Company's Credit Agreement

Details of the Credit Agreement are as follows:

		September 30, 2018		December 31, 2017
Revolver under Credit Agreement
Available	$	1,252,021	$	1,149,813
Letters of credit outstanding	$	140,529	$	220,586
Total amount drawn, as follows:	$	169,950	$	192,101
Amount drawn – Canadian prime rate loan	$	-	$	16,739
Interest rate applicable – Canadian prime rate loan		-		3.45%
Amount drawn – Canadian bankers’ acceptance	$	169,950	$	175,362
Interest rate applicable – Canadian bankers’ acceptance		2.93%		2.64%
Commitment – rate applicable		0.12%		0.15%
Term loan under Credit Agreement
Amount drawn – U.S. based LIBOR loan	$	1,637,500	$	1,637,500
Interest rate applicable – U.S. based LIBOR loan		3.34%		2.77%