Debt

Debt as of March 31, 2018 and December 31, 2017 was as follows:



	March 31, 2018			December 31, 2017
	(In thousands)
7.625% Senior Notes due October 2018	$	—		$	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	850,000			850,000
7.5% Senior Notes due April 2027	200,000			200,000
4.625% Senior Notes due December 2027	550,000			550,000
Term Loan due December 2022	666,563			675,000
Bank Credit Facility due December 2022	185,000			—
Obligations under capital leases	202,324			197,232
Mortgage notes and other debt, maturities through 2050	5,940			6,036
Unamortized premiums, net	7,236			7,456
Unamortized debt issuance costs	(36,119		)	(38,071		)
Total debt	3,405,944			3,472,653
Less: Current maturities of long-term debt	(89,249		)	(337,337		)
Total long-term debt	$	3,316,695		$	3,135,316

Current maturities of debt at March 31, 2018 include amounts due under our Term Loan, mortgage notes and other debt, and capital leases within the next year.

Our consolidated debt had a weighted average interest rate of 4.90% and 4.73% at March 31, 2018 and December 31, 2017, respectively. Approximately 70% and 75% of our total debt had a fixed interest rate at March 31, 2018 and December 31, 2017, respectively.

During the three months ended March 31, 2018 and 2017, we paid $24.9 million and $20.0 million in cash interest, respectively.

Bank Credit Agreement

As of March 31, 2018, we have $185.0 million of outstanding borrowings under our Bank Credit Facility due December 2022; $667 million of outstanding borrowings under our Term Loan due December 2022; and issued $33 million of letters of credit. The bank credit agreement 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 agreement contains certain financial covenants, including a minimum interest coverage ratio, a maximum leverage ratio, and certain dividend and share repurchase restrictions. As of March 31, 2018, we were in compliance with all of our debt covenants. We pay a quarterly fee on the unused commitment, which was 0.25% at March 31, 2018. As of March 31, 2018, we have $781.7 million in borrowing capacity under the Bank Credit Facility.

Debt Issuances and Additions

In January 2018, we drew $175.0 million on our Bank Credit Facility to fund the redemption of our 7.625% Senior notes due October 2018.

In March 2018, we drew $10.0 million on our Bank Credit Facility to make required payments on our Term Loan due December 2022.

In January 2017, we drew $25.0 million and in March 2017 we drew $10.0 million on our Bank Credit Facility due March 2021 to make required payments on our Term Loan due March 2021 and for general corporate purposes.

Debt Extinguishments and Reductions

During the three months ended March 31, 2018, we made aggregate debt payments of $268.1 million for scheduled and early extinguishment payments including:

•$250 million in aggregate principal of our 7.625% Senior Notes due October 2018;

•$9.6 million in call premium for redemption of the 7.625% Senior Notes due October 2018;

•$8.4 million in aggregate principal of our Term Loan due December 2022; and

•$0.1 million in other debt.

Certain of the above transactions resulted in the recognition of a loss of $10.1 million recorded in Losses on early extinguishment of debt in our unaudited Condensed Consolidated Statement of Operations.

During the three months end March 31, 2017, we made aggregate principal payments of $8.8 million for scheduled payments toward our previous Term Loan due March 2021.