Debt (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Schedule of long-term debt instruments

The following table presents the carrying amounts of the Company’s total indebtedness at March 31, 2017 and December 31, 2016 (in thousands):

			March 31, 2017				December 31, 2016
	Effective Interest Rate		Principal Amount		Carrying Amount		Principal Amount		Carrying Amount
7.25% Senior Notes due 2022	7.91	%	$	400,000	$	389,593	$	400,000	$	389,150
5.75% Senior Notes due 2022	6.04	%	700,000		691,710		700,000		691,339
5.375% Senior Notes due 2023	5.62	%	750,000		741,054		750,000		740,733
6.00% Senior Notes due 2023	6.28	%	1,635,000		1,611,053		1,635,000		1,610,280
6.00% Senior Notes due 2025	6.27	%	1,200,000		1,179,701		1,200,000		1,179,203
Term Loan A Facility Due 2019	2.95	%	921,250		913,352		941,875		932,824
Term Loan B Facility Due 2022	4.06	%	2,765,000		2,723,653		2,772,000		2,728,919
Other debt	1.50	%	55		55		55		55
Total long-term debt, net			$	8,371,305	$	8,250,171	$	8,398,930	$	8,272,503
Less current portion, net (1)			25,612		25,612		131,125		131,125
Total long-term debt, less current portion, net			$	8,345,693	$	8,224,559	$	8,267,805	$	8,141,378

__________

(1) The current portion of long-term debt as of March 31, 2017 excludes amounts payable within the next twelve months under our existing term loan facilities because we had the intent and ability to refinance such debt on a long-term basis. The current portion of long-term debt included in the table above as of March 31, 2017 represents amounts payable in the next twelve months under the 2017 Term Loan Facility.

Any outstanding amounts borrowed pursuant to the 2017 Credit Facility will immediately mature if any of the following of our senior notes are not refinanced or repaid in full prior to the date that is 91 days prior to the stated maturity date thereof:

Instrument	Maturity Date
7.25% Senior Notes due 2022	January 15, 2022
5.75% Senior Notes due 2022	January 15, 2022
5.375% Senior Notes due 2023	January 15, 2023
6.00% Senior Notes due 2023	July 15, 2023

Outstanding principal balance of non-recourse notes percentage

On or after April 15, 2020, the Issuers may on any one or more occasions redeem all or a part of the 2024 Notes, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest and additional interest, if any, on the notes redeemed if such notes are redeemed during the twelve-month period beginning on April 15 of the years indicated below:

Year	Percentage
2020	102.938	%
2021	101.469	%
2022 and thereafter	100.000	%

Schedule of maturities of long-term debt

The following table presents, subsequent to the closing of the April 2017 Refinancing, the maturities on our long-term debt for each of the five fiscal years subsequent to December 31, 2016 (in thousands):

	Maturities (1)
2017 (2)	$	44,700
2018	$	34,150
2019	$	34,150
2020	$	34,150
2021	$	34,150

__________

(1) Any outstanding amounts borrowed pursuant to the 2017 Credit Facility will immediately mature if certain of our senior notes (enumerated above under the heading “April 2017 Refinancing”) are not refinanced or repaid in full prior to the date that is 91 days prior to the respective stated maturity dates thereof. Accordingly, we may be required to repay or refinance senior notes with an aggregate principal amount of $1,100.0 million in 2021, despite such notes having stated maturities in 2022. The amounts in this maturities table do not reflect any such early payment; rather, they reflect stated maturity dates.

(2) Includes payments related to: (i) our existing credit facilities prior to the April 2017 Refinancing and (ii) our 2017 Term Loan Facility thereafter.