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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2015
Long-Term Debt  
Schedule of long-term debt

 

        The company's borrowings consisted of the following at December 31 (in thousands):

                                                                                                                                                                                    

 

 

2015

 

2014

 

Senior term loan

 

$

237,500 

 

$

250,000 

 

61/8% senior notes due 2019

 

 

400,000 

 

 

400,000 

 

75/8% senior notes due 2020

 

 

 

 

350,000 

 

5.125% senior notes due 2021

 

 

700,000 

 

 

700,000 

 

63/8% senior notes due 2022

 

 

350,000 

 

 

350,000 

 

51/4% senior notes due 2023

 

 

400,000 

 

 

400,000 

 

5.500% senior notes due 2024

 

 

500,000 

 

 

500,000 

 

Other obligations

 

 

40,634 

 

 

74,166 

 

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Total debt

 

 

2,628,134 

 

 

3,024,166 

 

Less debt issuance costs

 

 

33,478 

 

 

42,317 

 

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​  

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Total amounts outstanding

 

 

2,594,656 

 

 

2,981,849 

 

Less current maturities

 

 

16,680 

 

 

46,460 

 

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​  

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Long-term debt

 

$

2,577,976 

 

$

2,935,389 

 

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Schedule of senior unsecured notes outstanding terms

 

                                                                                                                                                                                                  

Issue

 

2019 Notes

 

2021 Notes

 

2022 Notes

 

2023 Notes

 

2024 Notes

Outstanding Balance

 

$400.0 million

 

$700.0 million

 

$350.0 million

 

$400.0 million

 

$500.0 million

Stated Interest Rate

 

61/8%

 

5.125%

 

63/8%

 

51/4%

 

5.500%

Semi-Annual Interest Payment Dates

 

February 15 and August 15

 

April 1 and October 1

 

February 15 and August 15

 

April 15 and October 15

 

April 1 and October 1

Equity Redemption Option Price & Date

 

N/A—date passed

 

105.125%
(10/1/17)

 

N/A—date passed

 

105.250%
(4/15/16)

 

105.500%
(10/1/17)

"Make-whole" Option Date

 

8/15/16

 

10/1/17

 

8/15/17

 

4/15/18

 

10/1/19

First Call Price & Date

 

103.063%
(8/15/16)

 

102.563%
(10/1/17)

 

103.188%
(8/15/17)

 

102.625%
(4/15/18)

 

102.750%
(10/1/19)

Second Call Price & Date

 

101.531%
(8/15/17)

 

101.281%
(10/1/18)

 

102.125%
(8/15/18)

 

101.750%
(4/15/19)

 

101.833%
(10/1/20)

Third Call Price & Date

 

100.000%
(8/15/18)

 

100.000%
(10/1/19)

 

101.063%
(8/15/19)

 

100.875%
(4/15/20)

 

100.917%
(10/1/21)

Fourth Call Price & Date

 

 

 

100.000%
(8/15/20)

 

100.000%
(4/15/21)

 

100.000%
(10/1/22)

Maturity Date

 

August 15,
2019

 

October 1,
2021

 

August 15,
2022

 

April 15,
2023

 

October 1,
2024

 

Schedule of outstanding debt maturities

 

        Maturities of outstanding debt as of December 31, 2015, are as follows (in thousands):

                                                                                                                                                                                    

2016

 

$

16,680 

 

2017

 

 

15,796 

 

2018

 

 

15,601 

 

2019

 

 

603,291 

 

2020

 

 

3,491 

 

Thereafter

 

 

1,973,275 

 

​  

​  

 

 

$

2,628,134 

 

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