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Debt
3 Months Ended
Mar. 31, 2016
Debt Instruments [Abstract]  
Debt
NOTE 11. DEBT
The following table presents the carrying amounts of the Company’s total indebtedness at March 31, 2016 and December 31, 2015 (in thousands):
 
March 31, 2016
 
December 31, 2015
 
Principal Amount
 
Unamortized Discount and Deferred Loan Costs
 
Principal Amount
 
Unamortized Discount and Deferred Loan Costs
7.25% Senior Notes due 2022
$
400,000

 
$
(12,127
)
 
$
400,000

 
$
(12,535
)
5.75% Senior Notes due 2022
700,000

 
(9,739
)
 
700,000

 
(10,088
)
5.375% Senior Notes due 2023
750,000

 
(10,206
)
 
750,000

 
(10,511
)
6.00% Senior Notes due 2023
1,635,000

 
(26,968
)
 
1,635,000

 
(27,694
)
6.00% Senior Notes due 2025
1,200,000

 
(22,245
)
 
1,200,000

 
(22,713
)
Term Loan A Facility Due 2019
1,003,750

 
(12,616
)
 
1,017,500

 
(13,831
)
Term Loan B Facility Due 2021
2,793,000

 
(48,213
)
 
2,800,000

 
(49,900
)
Revolving Credit Facility
225,000

 

 
225,000

 

Other debt
134

 

 
134

 

Total long-term debt, net
$
8,706,884

 
$
(142,114
)
 
$
8,727,634

 
$
(147,272
)
Less current portion, net
335,579

 

 
328,705

 

Total long-term debt, less current portion, net
$
8,371,305

 
$
(142,114
)
 
$
8,398,929

 
$
(147,272
)

The total fair value of the Company’s Total long-term debt, net at March 31, 2016 and December 31, 2015, was $8.4 billion and $8.6 billion, respectively.
The fair value of the Company’s long-term debt is estimated using the quoted market prices for the same or similar debt issuances. Based on this valuation methodology, we determined these debt instruments represent Level 2 measurements within the fair value hierarchy.
Credit Facility
There were $225.0 million in revolving loans at March 31, 2016. We have $773.0 million of remaining credit available through the revolving credit facilities as of March 31, 2016.
The Company’s credit agreement contains affirmative and negative covenants that the Company believes to be usual and customary for a senior secured credit facility. The negative covenants include, among other things, limitations on capital expenditures, asset sales, mergers and acquisitions, indebtedness, liens, dividends, investments and transactions with the Company’s affiliates. As of March 31, 2016, we were in compliance with all such covenants.