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Debt
6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Debt
Debt
Total debt at June 30, 2017 and December 31, 2016 consisted of the following:


Interest rate
 
June 30, 2017
 
December 31, 2016
Notes due September 2017
5.75%
 
$
385,109

 
$
385,109

Notes due March 2018
5.6%
 
250,000

 
250,000

Notes due May 2018
4.75%
 
350,000

 
350,000

Notes due March 2019
6.25%
 
300,000

 
300,000

Notes due October 2021
3.375%
 
600,000

 
600,000

Notes due May 2022
3.875%
 
400,000

 

Notes due March 2024
4.625%
 
500,000

 
500,000

Notes due January 2037
5.25%
 
35,841

 
115,041

Notes due March 2043
6.7%
 
425,000

 
425,000

Term loans
Variable
 
300,000

 
450,000

Other debt
 
 
5,552

 
5,677

Principal amount
 
 
3,551,502

 
3,380,827

Less: unamortized debt discount and issuance costs
 
 
30,630

 
28,796

Plus: unamortized interest rate swap proceeds
 
 
7,895

 
12,859

Total debt
 
 
3,528,767

 
3,364,890

Less: current portion long-term debt
 
 
985,291

 
614,485

Long-term debt
 
 
$
2,543,476

 
$
2,750,405


In May 2017, we issued $400 million of 3.875% fixed rate notes. Interest is payable semi-annually, commencing November 15, 2017 and is subject to adjustment from time to time if either Moody's or S&P (or a substitute ratings agency) downgrades (or downgrades and subsequently upgrades) the credit rating assigned to the notes. The notes mature in May 2022, but may be redeemed, at our option, in whole or in part, at any time or from time to time at par plus accrued, unpaid interest and a make-whole amount, if any. The proceeds were used to repay the $150 million term loan due in June 2017 and the remainder, together with cash on hand and other financing options, will be used to repay a portion of the $385 million notes due September 2017.

In January 2017, bondholders of the 5.25% Notes due 2037 caused us to redeem $79 million of the debt outstanding.