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Debt and Other Obligations
3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Debt and Other Obligations
Debt and Other Obligations

As of March 31, 2017, the Company held non-public and public debt instruments.

Long-term debt is comprised of the following:
 
 
As of
 
Three Months Ended March 31,
 
March 31, 2017
 
December 31, 2016
 
2017
 
2016
 
 
(in millions)
 
(weighted-average interest rates)
Fixed-rate senior term loans due through 2027
 
$
443.4

 
$
451.9

 
4.10
%
 
4.10
%
Fixed-rate junior term loans due through 2022
 
45.2

 
47.1

 
6.90
%
 
6.90
%
Fixed-rate loans due through 2029
 
77.0

 

 
3.88
%
 
N/A

Fixed-rate class A enhanced equipment trust certificates due through 2028
 
440.2

 
409.8

 
4.10
%
 
4.03
%
Fixed-rate class B enhanced equipment trust certificates due through 2024
 
111.8

 
103.6

 
4.45
%
 
4.37
%
Long-term debt
 
$
1,117.6

 
$
1,012.4

 
 
 
 
Less current maturities
 
92.7

 
84.4

 
 
 
 
Less unamortized discounts

 
33.2

 
30.6

 
 
 
 
Total
 
$
991.7

 
$
897.4

 
 
 
 

During the three months ended March 31, 2017 and March 31, 2016, the Company made scheduled principal payments of $10.2 million and $9.7 million, respectively, on its outstanding debt obligations.
At March 31, 2017, long-term debt principal payments for the next five years and thereafter are as follows:
 
 
March 31, 2017
 
 
(in millions)
Remainder of 2017
 
$
85.8

2018
 
90.0

2019
 
88.4

2020
 
87.0

2021
 
85.7

2022 and beyond
 
680.7

Total debt principal payments
 
$
1,117.6




Interest Expense

Interest expense related to long-term debt consisted of the following:
 
Three Months Ended March 31,
2017
 
2016
 
(in thousands)
Senior term loans
$
4,672

 
$
5,048

Junior term loans
803

 
937

Fixed-rate loans
159

 

Class A enhanced equipment trust certificates
4,308

 
1,183

Class B enhanced equipment trust certificates
1,185

 
336

Commitment fees
30

 
35

Amortization of debt discounts
1,231

 
516

Total
$
12,388

 
$
8,055