BANK BORROWINGS AND LONG-TERM DEBT

9 Months Ended

Dec. 31, 2012

BANK BORROWINGS AND LONG-TERM DEBT

BANK BORROWINGS AND LONG-TERM DEBT

5. BANK BORROWINGS AND LONG-TERM DEBT

Bank borrowings and long-term debt are as follows:

	As of			As of
	December 31, 2012			March 31, 2012
	(In thousands)
Term Loan, including current portion, due in installments through October 2014	$	1,170,340		$	1,179,595
New Term Loan, including current portion, due in installments through October 2016	517,500			487,500
Asia Term Loans	375,500			377,000
Outstanding under revolving line of credit	—			140,000
Other	16,493			4,578
	2,079,833			2,188,673
Current portion	(230,495		)	(39,340		)
Non-current portion	$	1,849,338		$	2,149,333

New Term Loan due October 2016

During the nine-months ended December 31, 2012, the Company increased the limit on its New Term Loan maturing in October 2016 by $50.0 million and borrowed the entire incremental amount.  Also, during the nine-month period ended December 31, 2012, we repaid a total principal amount of $20.0 million.

Asia Term Loans

As of December 31, 2012, there were $375.5 million in borrowings outstanding under the Company’s Asia term loans, of which $175.5 million will be due in September 2013.  Accordingly, this amount is classified as bank borrowings, current portion of long-term debt and capital leases on the condensed consolidated balance sheet as of December 31, 2012.

Revolving Line of Credit

During the nine-months ended December 31, 2012, the Company repaid all amounts outstanding under its $1.5 billion revolving line of credit facility.