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Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of Long-Term Debt

NOTE 3 – LONG-TERM DEBT
Long-term debt outstanding as of June 30, 2015 and December 31, 2014 consisted of the following:

(In thousands)		June 30,			December 31,
		2015			2014
Senior Secured Credit Facilities⁽¹⁾			$6,300,000			$7,231,222
Receivables Based Credit Facility Due 2017⁽²⁾			-			-
9.0% Priority Guarantee Notes Due 2019			1,999,815			1,999,815
9.0% Priority Guarantee Notes Due 2021			1,750,000			1,750,000
11.25% Priority Guarantee Notes Due 2021			575,000			575,000
9.0% Priority Guarantee Notes Due 2022			1,000,000			1,000,000
10.625% Priority Guarantee Notes Due 2023			950,000			-
Subsidiary Revolving Credit Facility Due 2018⁽³⁾			-			-
Other Secured Subsidiary Debt⁽⁴⁾			17,404			19,257
Total Consolidated Secured Debt			12,592,219			12,575,294

14.0% Senior Notes Due 2021⁽⁵⁾			1,678,314			1,661,697
The Company's Legacy Notes⁽⁶⁾			667,900			667,900
10.0% Senior Notes Due 2018			730,000			730,000
Subsidiary Senior Notes due 2022			2,725,000			2,725,000
Subsidiary Senior Subordinated Notes due 2020			2,200,000			2,200,000
Other Subsidiary Debt			302			1,024
Purchase accounting adjustments and original issue discount			(219,207)			(234,897)
Total debt			20,374,528			20,326,018
Less: current portion			2,725			3,604
Total long-term debt		$	20,371,803		$	20,322,414

⁽¹⁾	Term Loan D and Term Loan E mature in 2019.
⁽²⁾	The Receivables Based Credit Facility provides for borrowings up to the lesser of $535.0 million (the revolving credit commitment) or the borrowing base, subject to certain limitations contained in the Company's material financing agreements.
⁽³⁾	The Subsidiary Revolving Credit Facility provides for borrowings up to $75.0 million (the revolving credit commitment).
⁽⁴⁾	Other secured subsidiary debt matures at various dates from 2015 through 2045.
⁽⁵⁾	The 14.0% Senior Notes due 2021are subject to required payments at various dates from 2018 through 2021.
⁽⁶⁾	The Company's Legacy Notes, all of which were issued prior to the acquisition of the Company by Parent in 2008, consist of Senior Notes maturing at various dates in 2016, 2018 and 2027.