Schedule of long-term debt |
As of September 30, 2018 and September 30, 2017, we had the following debt, net of premium/discounts and unamortized debt issuance costs: | | | | | | | | | | | (In thousands) | Maturity Date | | September 30, 2018 | | September 30, 2017 | 5 3/4% Senior Notes | June 2019 | | $ | — |
| | $ | 321,393 |
| 8 3/4% Senior Notes | March 2022 | | 500,000 |
| | 500,000 |
| 7 1/4% Senior Notes | February 2023 | | 24,834 |
| | 199,834 |
| 6 3/4% Senior Notes | March 2025 | | 250,000 |
| | 250,000 |
| 5 7/8% Senior Notes | October 2027 | | 400,000 |
| | — |
| Unamortized debt premium, net | | | 2,640 |
| | 3,413 |
| Unamortized debt issuance costs | | | (14,336 | ) | | (14,800 | ) | Total Senior Notes, net | | | 1,163,138 |
| | 1,259,840 |
| Junior Subordinated Notes (net of unamortized accretion of $36,770 and $38,837, respectively) | July 2036 | | 64,003 |
| | 61,937 |
| Other Secured Notes Payable | Various Dates | | 4,113 |
| | 5,635 |
| Total debt, net | | | $ | 1,231,254 |
| | $ | 1,327,412 |
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Schedule of maturities of long-term debt |
As of September 30, 2018, the future maturities of our borrowings were as follows: | | | | | Fiscal Year Ended September 30, | | (In thousands) | | 2019 | $ | 4,087 |
| 2020 | — |
| 2021 | — |
| 2022 | 500,000 |
| 2023 | 24,834 |
| Thereafter | 750,773 |
| Total | $ | 1,279,694 |
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Debt instrument redemption |
For additional redemption features, refer to the table below that summarizes the redemption terms for our Senior Notes: | | | | | | | | Senior Note Description | | Issuance Date | | Maturity Date | | Redemption Terms | 8 3/4% Senior Notes | | September 2016 | | March 2022 | | Callable at any time prior to March 15, 2019, in whole or in part, at a redemption price equal to 100% of the principal amount, plus a customary make-whole premium; on or after March 15, 2019, callable at a redemption price equal to 104.375% of the principal amount; on or after March 15, 2020, callable at a redemption price equal to 102.188% of the principal amount; on or after March 15, 2021, callable at a redemption price equal to 100% of the principal amount plus, in each case, accrued and unpaid interest | 7 1/4% Senior Notes | | February 2013 | | February 2023 | | Callable at any time on or after February 1, 2018 at a redemption price equal to 103.625% of the principal amount; on or after February 1, 2019, callable at a redemption price equal to 102.417% of the principal amount; on or after February 1, 2020, callable at a redemption price equal to 101.208% of the principal amount; on or after February 1, 2021, callable at 100% of the principal amount plus, in each case, accrued and unpaid interest | 6 3/4% Senior Notes | | March 2017 | | March 2025 | | Callable at any time prior to March 15, 2020, in whole or in part, at a redemption price equal to 100% of the principal amount, plus a customary make-whole premium; on or after March 15, 2020, callable at a redemption price equal to 105.063% of the principal amount; on or after March 15, 2021, callable at a redemption price equal to 103.375% of the principal amount; on or after March 15, 2022, callable at a redemption price equal to 101.688% of the principal amount; on or after March 15, 2023, callable at a redemption price equal to 100% of the principal amount, plus, in each case, accrued and unpaid interest | 5 7/8% Senior Notes | | October 2017 | | October 2027 | | Callable at any time prior to October 15, 2022, in whole or in part, at a redemption price equal to 100% of the principal amount, plus a customary make-whole premium; on or after October 15, 2022, callable at a redemption price equal to 102.938% of the principal amount; on or after October 15, 2023, callable at a redemption price equal to 101.958% of the principal amount; on or after October 15, 2024, callable at a redemption price equal to 100.979% of the principal amount; on or after October 15, 2025, callable at a redemption price equal to 100% of the principal amount, plus, in each case, accrued and unpaid interest |
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