Debt (Tables)

12 Months Ended

Dec. 31, 2014

Debt consisted of the following (in thousands):



	2014			2012
Senior Credit Facility:
Term loan	$	295,500		$	298,500
Revolver	70,000			340,000
Total Senior Credit Facility	$	365,500		$	638,500
5.875% Senior Notes
Notes Due in 2024	$	250,000		—
5.125% Senior Notes:
Notes Due in 2023	$	300,000		$	300,000
5⅞% Senior Notes
Notes Due in 2022	$	250,000		$	250,000
6.625% Senior Notes:
Notes Due in 2021	$	300,000		$	300,000
Non-Recourse Debt :
Non-Recourse Debt	$	145,262		$	85,091
Discount on Non-Recourse Debt	(712		)	(960		)
Total Non-Recourse Debt	$	144,550		$	84,131
Capital Lease Obligations	10,924			11,924
Other debt	421			221
Total debt	$	1,621,395		$	1,584,776
Current portion of capital lease obligations, long-term debt and non-recourse debt	(16,752		)	(22,163		)
Capital Lease Obligations, long-term portion	(9,856		)	(10,924		)
Non-Recourse Debt, long-term portion	(131,968		)	(66,153		)
Long-Term Debt	$	1,462,819		$	1,485,536

Debt repayment schedules under capital lease obligations, long-term debt and non-recourse debt

Debt repayment schedules under Capital Lease Obligations, Long-Term Debt, Non-Recourse Debt and the Senior Credit Facility are as follows:



Fiscal Year	Capital Leases			Long-Term Debt			Non- Recourse Debt			Revolver		Term Loans			Total Annual Repayment
	(In thousands)
2015	$	1,932		$	102		$	12,753		$	—	$	3,000		$	17,787
2016	1,935			87			13,420			—		3,000			18,442
2017	1,934			78			9,680			—		3,000			14,692
2018	1,936			80			6,970			—		3,000			11,986
2019	1,934			74			7,280			70,000		3,000			82,288
2020	1,934			—			7,665			—		280,500			290,099
Thereafter	3,170			1,100,000			87,494			—		—			1,190,664
	14,775			1,100,421			145,262			70,000		295,500			1,625,958
Interest imputed on Capital Leases	(3,851		)	—			—			—		—			(3,851		)
Original issuer’s discount	—			—			(712		)	—		—			(712		)
Current portion	(1,068		)	(102		)	(12,582		)	—		(3,000		)	(16,752		)
Non-current portion	$	9,856		$	1,100,319		$	131,968		$	70,000	$	292,500		$	1,604,643

Senior Notes | 5.875% Senior Notes

Debt Instrument [Line Items]

Debt instrument redemption

Lastly, the Company may, at its option, redeem the 5.875% Senior Notes in whole or in part on or after October 15, 2019 through 2024 and thereafter as indicated below:




Year		Percentage
2019		102.938%
2020		101.958%
2021		100.979%
2022 and thereafter		100.000%

Senior Notes | 5.875% Senior Notes

Debt Instrument [Line Items]

Debt instrument redemption

On or after January 15, 2017, GEO may, at its option, redeem all or part of the 5 ⅞% Senior Notes upon not less than 30 days nor more than 60 days’ notice, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest and including Liquidated Damages, if any, on the 5 ⅞% Senior Notes redeemed, to the applicable redemption date, if redeemed during the 12-month period beginning on January 15 of the years indicated below:



Year	Percentage
2017	104.406	%
2018	102.938	%
2019	101.469	%
2020 and thereafter	100.000	%

Senior Notes | 5.125% Senior Notes

Debt Instrument [Line Items]

Debt instrument redemption

On or after April 1, 2018, the Company may, at its option, redeem all or a part of the 5.125% Senior Notes upon not less than 30 days nor more than 60 days notice at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest and Liquidated Damages, if any, on the 5.125% Senior Notes redeemed, to the applicable redemption date, if redeemed during the 12 months period beginning on April 1 of the years indicated below:



Year	Percentage
2018	102.563	%
2019	101.708	%
2020	100.854	%
2021 and thereafter	100.000	%

Senior Notes | 6.625% Senior Notes

Debt Instrument [Line Items]

Debt instrument redemption

On or after February 15, 2016, the Company may, at its option, redeem all or part of the 6.625% Senior Notes upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest and liquidated damages, if any, on the 6.625% Senior Notes redeemed, to the applicable redemption date, if redeemed during the 12-month period beginning on February 15 of the years indicated below:



Year	Percentage
2016	103.3125	%
2017	102.2083	%
2018	101.1042	%
2019 and thereafter	100.0000	%