Debt

Debt as of March 31, 2015 and December 31, 2014 was as follows:



	March 31, 2015			December 31, 2014
	(In thousands)
6.75% Senior Notes due April 2016	$	197,377		$	197,377
7.0% Senior Notes due June 2017	295,000			295,000
7.625% Senior Notes due October 2018	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
5.375% Senior Notes due May 2024	550,000			550,000
7.5% Senior Notes due April 2027	200,000			200,000
Term Loan due July 2018	355,000			370,000
Bank credit facility due July 2018	250,000			235,000
Obligations under capital leases	179,824			181,002
Mortgage notes and other debt, maturities through 2050	4,187			4,251
Unamortized discounts and other, net	(2,752		)	(2,905		)
Total debt	3,053,636			3,054,725
Less: current maturities of debt	(90,960		)	(90,931		)
Total long-term debt	$	2,962,676		$	2,963,794

Current maturities of debt at March 31, 2015 primarily comprise our capital leases and amounts due under our term loan. Our consolidated debt had a weighted average interest rate of 5.21% at both March 31, 2015 and December 31, 2014. Approximately 75% of our total debt had a fixed interest rate at both March 31, 2015 and December 31, 2014.

During the three months ended March 31, 2015 we made a scheduled payment on our Term Loan due July 2018 of $15.0 million and borrowed $15.0 million on our bank credit facility. During the three months ended March 31, 2014, we made payments totaling $167.1 million to extinguish our Senior Convertible Notes and a $7.5 million scheduled payment on our Term Loan due July 2018.

Bank Credit Agreement

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, 2015, we have $250.0 million in outstanding borrowings under our bank credit facility and have issued $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 0.35% at March 31, 2015. As of March 31, 2015, we have $218.4 million in borrowing capacity under the bank credit facility.

Capital Leases

During the three months ended March 31, 2015 and 2014, we acquired $7.3 million and $10.7 million, respectively, of capital leases, primarily related to transportation equipment. We made aggregate principal payments of $7.4 million and $7.2 million on our capital lease obligations for the three months ended March 31, 2015 and 2014, respectively.