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LINES OF CREDIT AND LONG-TERM DEBT
3 Months Ended
Mar. 31, 2015
Debt Disclosure [Abstract]  
LINES OF CREDIT AND LONG-TERM DEBT
LINES OF CREDIT AND DEBT
The amounts outstanding under the Company’s debt consisted of the following as of the dates indicated: 
 
Total Debt Outstanding
 
March 31, 2015
 
December 31, 2014
 
(In thousands)
8.75% Notes due 2022
$
350,000

 
$
350,000

WCC Term Loan Facility due 2020
423,938

 
350,000

WMLP Term Loan Facility due 2018
176,327

 
175,000

Capital lease obligations
101,893

 
109,351

Revolving line of credit

 
9,576

Other
9,627

 
4,062

Debt discount
(14,608
)
 
(13,202
)
Total debt outstanding
1,047,177

 
984,787

Less current installments
(42,554
)
 
(52,712
)
Total debt outstanding, less current installments
$
1,004,623

 
$
932,075


The following table presents aggregate contractual debt maturities of all debt: 
 
As of March 31, 2015
 
(In thousands)
2015
$
32,756

2016
41,944

2017
33,031

2018
12,505

2019
186,514

Thereafter
755,035

Total
1,061,785

Less: debt discount
(14,608
)
Total debt
$
1,047,177


On January 22, 2015, the Company amended the WCC Term Loan Facility to increase the borrowings by $75.0 million, for an aggregate principal amount of $425.0 million as of that date. The amendments to the WCC Term Loan Facility were made in connection with the acquisition of Buckingham and for working capital. Net proceeds were $71.0 million after a 2.5% discount, 1.5% broker fee, a consent fee of 1.17%, and $0.1 million of additional debt issuance costs.
Under the revolving line of credit (the “Revolving Credit Facility”) the maximum available borrowing amount is $50.0 million. As of March 31, 2015, the Company had no borrowings under the Revolving Credit Facility and had outstanding letters of credit in the amount of $22.8 million.
During the three months ended March 31, 2015, the Company entered into $12.7 million of new capital leases.
Additional information regarding the Company’s debt is outlined in Note 6 to the Consolidated Financial Statements in the Company’s 2014 Annual Report on Form 10-K.