| 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 |
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__________ | | (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 |
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| 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 |
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__________ | | (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. |
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