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Long-Term Debt
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Long-term debt
Long-term debt
Our long-term debt is summarized below (in thousands):

Sept. 30, 2018
 
Dec. 31, 2017
 
 
 
 
Unsecured floating rate term loan due quarterly through August 2018
$

 
$
20,500

VIE unsecured floating rate term loans due quarterly through December 2018
162

 
646

Unsecured floating rate term loan due quarterly through June 2020
70,000

 
100,000

Unsecured floating rate term loan due quarterly through September 2020
180,000

 
225,000

Borrowings under revolving credit agreement expiring June 2023
72,000

 

Unsecured notes bearing fixed rate interest at 5.125% due October 2019
320,000

 
320,000

Unsecured notes bearing fixed rate interest at 5.125% due July 2020
600,000

 
600,000

Unsecured notes bearing fixed rate interest at 4.875% due September 2021
350,000

 
350,000

Unsecured notes bearing fixed rate interest at 6.375% due October 2023
650,000

 
650,000

Unsecured notes bearing fixed rate interest at 5.50% due September 2024
325,000

 
325,000

Unsecured notes bearing fixed rate interest at 7.75% due June 2027
200,000

 
200,000

Unsecured notes bearing fixed rate interest at 7.25% due September 2027
240,000

 
240,000

Total principal long-term debt
3,007,162

 
3,031,146

Debt issuance costs
(16,766
)
 
(20,551
)
Other (fair market value adjustments and discounts)
(799
)
 
(2,902
)
Total long-term debt
2,989,597

 
3,007,693

Less current portion of long-term debt maturities
162

 
646

Long-term debt, net of current portion
$
2,989,435

 
$
3,007,047



On June 21, 2018, we entered into an amendment of our Amended and Restated Competitive Advance and Revolving Credit Agreement. Under the amended terms, the $1.51 billion of revolving credit commitments and letter of credit commitments have been extended until June 21, 2023. The amendment also extended our permitted total leverage ratio to remain at 5.0x through June 30, 2019, reducing to 4.75x for the fiscal quarter ending September 30, 2019 through the end of the fiscal quarter ending June 30, 2020, and then reducing to 4.50x for the fiscal quarter ending September 30, 2020 and thereafter.

As of September 30, 2018, we had unused borrowing capacity of $1.42 billion under our revolving credit facility.