Debt

Debt as of March 31, 2014 and December 31, 2013 was as follows:



	March 31, 2014			December 31, 2013
	(In thousands)
3.125% Senior Convertible Notes due July 2014	$	95		$	85,256
6.75% Senior Notes due April 2015	136,465			136,465
6.75% Senior Notes due April 2016	197,377			197,377
3.375% Senior Convertible Notes due July 2016	154			46,279
7.0% Senior Notes due June 2017	295,000			295,000
7.625% Senior Notes due October 2018	250,000			250,000
6.5% Senior Notes due April 2019	200,000			200,000
7.0% Senior Notes due May 2019	250,000			250,000
4.5% Senior Notes due November 2020	200,000			200,000
8.0% Senior Notes due November 2021	150,000			150,000
5.375% Senior Notes due January 2022	425,000			425,000
7.5% Senior Notes due April 2027	200,000			200,000
Term Loan due July 2018	592,500			600,000
Bank credit facility due July 2018	140,000			30,000
Obligations under capital leases	192,528			189,697
Mortgage notes and other debt, maturities through 2050	4,672			4,752
Unamortized premiums and other, net	5,839			42,084
Total debt	3,239,630			3,301,910
Less:
Current maturities of debt, capital lease obligations, and mortgage notes	(104,284		)	(153,738		)
Current maturities of unamortized premiums and other, net	(1,421		)	(22,624		)
Total current maturities	(105,705		)	(176,362		)
Total long-term debt	$	3,133,925		$	3,125,548

Current maturities of debt at March 31, 2014 primarily comprise our capital leases and amounts due under our term loan. Our consolidated debt had a weighted average interest rate of 5.38% and 5.25% at March 31, 2014 and December 31, 2013, respectively. Approximately 72% and 76% of our total debt had a fixed interest rate at March 31, 2014 and December 31, 2013, respectively.

Bank Credit Facility

The Company has a $500 million bank credit facility due July 2018 with a syndicate of banks, including a sublimit of $175 million for letters of credit.

As of March 31, 2014, we have $140.0 million outstanding under our Bank credit facility and $31.6 million of letters of credit. The bank credit facility provides us with flexibility for working capital, if needed, and is guaranteed by a majority of our domestic subsidiaries. The subsidiary guaranty is a guaranty of payment of the outstanding amount of the total lending commitment, including letters of credit. The bank credit facility contains certain financial covenants, including a minimum interest coverage ratio, a maximum leverage ratio, and certain dividend and share repurchase restrictions. We pay a quarterly fee on the unused commitment, which was 0.40% at March 31, 2014. As of March 31, 2014, we have $328.4 million in borrowing capacity under the bank credit facility.

Debt Extinguishments and Reductions

During the three months ended March 31, 2014, we made debt payments of $181.9 million, including the following scheduled payments and convertible debt payments:


•	$86.3 million aggregate principal amount of our 3.125% Senior Convertible Notes due July 2014;


•	$45.0 million aggregate principal amount of our 3.375% Senior Convertible Notes due July 2016;


•	$21.7 million aggregate unamortized premiums associated with our 3.125% Senior Convertible Notes due July 2014;


•	$14.2 million aggregate unamortized premiums associated with our 3.375% Senior Convertible Notes due July 2016;


•	$7.5 million aggregate principal amount of our Term Loan due July 2018; and


•	$7.2 million in scheduled payments for our capital lease obligations.

We did not incur any gains or losses as a result of these transactions.

During the three months ended March 31, 2013, we paid an aggregate of $11.4 million, to repay our remaining 7.875% Debentures due February 2013 and our capital lease obligations.

Capital Leases

During the three months ended March 31, 2014 and 2013, we acquired $10.7 million and $14.9 million, respectively, of primarily transportation equipment capital leases.