XML 15 R33.htm IDEA: XBRL DOCUMENT v3.19.3
DEBT (Tables)
9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Schedule of debt and capital leases

Debt consisted of the following:

 

 

 

September 30, 2019

 

 

December 31, 2018

 

 

 

(In thousands)

 

Summit Holdings' variable rate senior secured Revolving Credit Facility

    (4.80% at September 30, 2019 and 5.03% at December 31, 2018)

    due May 2022

 

$

600,000

 

 

$

466,000

 

Summit Holdings' 5.5% senior unsecured notes due August 2022

 

 

300,000

 

 

 

300,000

 

Less unamortized debt issuance costs (1)

 

 

(1,801

)

 

 

(2,362

)

Summit Holdings' 5.75% senior unsecured notes due April 2025

 

 

500,000

 

 

 

500,000

 

Less unamortized debt issuance costs (1)

 

 

(5,213

)

 

 

(5,907

)

Total long-term debt

 

$

1,392,986

 

 

$

1,257,731

 

(1) Issuance costs are being amortized over the life of the notes.