Long-term Debt

Our long-term debt outstanding consists of the following (in millions):



	March 31, 2016			December 31, 2015
Credit Agreement—
Advances under revolving credit facility	$	130.0		$	130.0
Term loan facilities	437.8			443.3
Bonds payable—
7.75% Senior Notes due 2022	124.8			174.3
5.125% Senior Notes due 2023	294.8			294.6
5.75% Senior Notes due 2024	1,192.7			1,192.6
5.75% Senior Notes due 2025	343.5			343.4
2.00% Convertible Senior Subordinated Notes due 2043	268.3			265.9
Other notes payable	38.4			39.2
Capital lease obligations	285.9			288.2
	3,116.2			3,171.5
Less: Current portion	(36.6		)	(36.8		)
Long-term debt, net of current portion	$	3,079.6		$	3,134.7

The following chart shows scheduled principal payments due on long-term debt for the next five years and thereafter (in millions):



	Face Amount		Net Amount
April 1 through December 31, 2016	$	27.8	$	27.8
2017	36.5		36.5
2018	36.6		36.6
2019	39.6		39.6
2020	813.7		760.4
2021	10.1		10.1
Thereafter	2,225.4		2,205.2
Total	$	3,189.7	$	3,116.2

On February 23, 2016, we gave notice of, and made an irrevocable commitment for, the redemption of $50 million of the outstanding principal amount of our existing 7.75% Senior Notes due 2022 (the “2022 Notes”). On March 24, 2016, we completed this redemption using cash on hand and capacity under our revolving credit facility. Pursuant to the terms of the 2022 Notes, this optional redemption was made at a price of 103.875%, which resulted in a total cash outlay of approximately $52 million. As a result of this redemption, we recorded a $2.4 million Loss on early extinguishment of debt in the first quarter of 2016.

On April 6, 2016, we gave notice of, and made an irrevocable commitment for, the redemption of an additional $50 million of the outstanding principal amount of the 2022 Notes. This optional redemption also will be made at a price of 103.875%, which will result in a total cash outlay of approximately $52 million when the transaction closes on May 6, 2016. We plan to use cash on hand and capacity under our revolving credit facility to fund the redemption. As a result of this redemption, we expect to record an approximate $2 million loss on early extinguishment of debt in the second quarter of 2016.

For additional information regarding our indebtedness, see Note 8, Long-term Debt, to the consolidated financial statements accompanying the 2015 Form 10-K.