XML 44 R32.htm IDEA: XBRL DOCUMENT v3.20.2
Long-Term Debt (Tables)
3 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consists of the following, as of the dates indicated:
(In thousands, except percentages)June 30, 2020March 31, 2020
2016 Senior Notes bearing interest at 6.375%, with interest payable on March 1 and September 1 of each year. The 2016 Senior Notes mature on March 1, 2024.
$600,000  $600,000  
2019 Senior Notes bearing interest at 5.125%, with interest payable on January 15 and July 15 of each year. The 2019 Senior Notes mature on January 15, 2028.
400,000  400,000  
2012 Term B-5 Loans bearing interest at the Borrower's option at either LIBOR plus a margin of 2.00%, with a LIBOR floor of 0.00%, or an alternate base rate plus a margin of 1.00%, with a base rate floor of 1.00%, due on January 26, 2024.
634,000  690,000  
2012 ABL Revolver bearing interest at the Borrower's option at either a base rate plus applicable margin or LIBOR plus applicable margin. Any unpaid balance is due on December 11, 2024.—  55,000  
Long-term debt1,634,000  1,745,000  
Less: unamortized debt costs(13,359) (14,700) 
Long-term debt, net$1,620,641  $1,730,300  
Aggregate Future Principal Payments
As of June 30, 2020, aggregate future principal payments required in accordance with the terms of the 2012 Term B-5 Loans, 2012 ABL Revolver and the indentures governing the senior unsecured notes due 2024 (the "2016 Senior Notes") and the senior unsecured notes due 2028 (the "2019 Senior Notes") are as follows:
(In thousands)
Year Ending March 31,Amount
2021 (remaining nine months ending March 31, 2021)$—  
2022—  
2023—  
20241,234,000  
2025—  
Thereafter400,000  
$1,634,000