Debt

Debt as of March 31, 2019 and December 31, 2018 was as follows:



	March 31, 2019			December 31, 2018
	(In thousands)
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	632,813			641,250
Bank Credit Facility due December 2022	275,000			395,000
Obligations under finance leases	193,958			211,952
Mortgage notes and other debt, maturities through 2050	24,920			4,076
Unamortized premiums, net	6,334			6,562
Unamortized debt issuance costs	(30,275		)	(31,762		)
Total debt	3,477,750			3,602,078
Less: Current maturities of long-term debt	(68,554		)	(69,896		)
Total long-term debt	$	3,409,196		$	3,532,182

Current maturities of debt at March 31, 2019 include amounts due under our Term Loan, mortgage notes and other debt, and finance leases within the next year.

Our consolidated debt had a weighted average interest rate of 5.03% and 4.99% at March 31, 2019 and December 31, 2018, respectively. Approximately 69% and 66% of our total debt had a fixed interest rate at March 31, 2019 and December 31, 2018, respectively.

During the three months ended March 31, 2019 and 2018, we paid $24.9 million in cash interest in each period.

Bank Credit Agreement

As of March 31, 2019, we have $275.0 million of outstanding borrowings under our Bank Credit Facility due December 2022; $632.8 million of outstanding borrowings under our Term Loan due December 2022; and issued $32.9 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, 2019, 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, 2019. As of March 31, 2019, we have $692.1 million in borrowing capacity under the Bank Credit Facility.

Subsequent to quarter end, we have increased our outstanding borrowings by $40.0 million to $315.0 million under our Bank Credit Facility due December 2022.

Debt Issuances and Additions

In March 2019, we drew $15.0 million on our Bank Credit Facility for general corporate purposes.

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.

Debt Extinguishments and Reductions

During the three months ended March 31, 2019, we made aggregate debt payments of $143.5 million for scheduled and early extinguishment payments including:

•$135.0 million in aggregate principal of our Bank Credit Facility December 2022;

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

•$0.1 million in other debt.

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

•$250.0 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.