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Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt  
Long-term debt

 

 

 

 

 

 

 

 

 

 

As of December 31,

 

 

    

2018

    

2017

 

 

 

(In thousands)

 

6.15% senior notes due February 2018

 

$

 —

 

$

460,762

 

9.25% senior notes due January 2019

 

 

 —

 

 

303,489

 

5.00% senior notes due September 2020

 

 

614,748

 

 

669,846

 

4.625% senior notes due September 2021

 

 

668,347

 

 

695,108

 

5.50% senior notes due January 2023

 

 

586,000

 

 

600,000

 

5.10% senior notes due September 2023

 

 

342,923

 

 

346,576

 

0.75% senior exchangeable notes due January 2024

 

 

450,689

 

 

429,982

 

5.75% senior notes due February 2025

 

 

791,502

 

 

 —

 

2012 Revolving credit facility

 

 

170,000

 

 

510,000

 

2018 Revolving credit facility

 

 

 —

 

 

 —

 

Commercial paper

 

 

 —

 

 

40,000

 

Other

 

 

561

 

 

181

 

 

 

 

3,624,770

 

 

4,055,944

 

Less: current portion

 

 

561

 

 

181

 

Less: deferred financing costs

 

 

38,325

 

 

27,997

 

 

 

$

3,585,884

 

$

4,027,766

 

 

Maturity of primary debt

As of December 31, 2018, the principal amount and maturities of our primary debt for each of the five years after 2018 and thereafter are as follows:

 

 

 

 

 

 

 

    

Paid at Maturity

 

 

 

(In thousands)

 

2019

 

$

 —

 

2020

 

 

785,271

(1)

2021

 

 

668,999

(2)

2022

 

 

 —

 

2023

 

 

929,519

(3)

Thereafter

 

 

1,366,502

(4)

 

 

$

3,750,291

 


(1)

Represents our 5.0% senior notes due September 2020 and amounts outstanding under our 2012 Revolving Credit Facility due July 2020.

 

(2)

Represents our 4.625% senior notes due September 2021.

 

(3)

Represents our 5.50% senior notes due January 2023 and 5.10% senior notes due September 2023.

 

(4)

Represents our 0.75% senior exchangeable notes due January 2024 and 5.75% senior notes due February 2025.

Short-Term Borrowings

 

 

 

 

 

 

    

December 31,

 

 

 

2018

 

 

 

(In thousands)

 

Credit available

 

$

759,321

 

Less: Letters of credit outstanding, inclusive of financial and performance guarantees

 

 

105,036

 

Remaining availability

 

$

654,285