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Long-Term Debt
3 Months Ended
Jun. 30, 2021
Long-Term Debt [Abstract]  
Long-Term Debt 7. Long-Term Debt

Long-term debt consists of the following:

June 30, 2021

March 31, 2021

Senior Credit Facilities

$5,100,000 Term Loan Facility, due March 1, 2024, net of unamortized discount of $80,615 and $87,698 at June 30, 2021 and March 31, 2021, respectively (effective interest rate of 4.42% and 4.42%, respectively)

$

3,412,635

$

3,405,552

$785,000 Revolving Facility, expiring July 3, 2024, and bearing interest at a variable interest rate

Senior Notes

$1,325,000 5.75% Senior Notes due March 1, 2025, net of unamortized discount of $6,525 and $6,921 at June 30, 2021 and March 31, 2021, respectively (effective interest rate of 5.90% and 5.90%, respectively)

1,318,475

1,318,079

Tangible Equity Unit Senior Amortizing Note

$47,367 Senior Amortizing Notes due June 30, 2022, net of unamortized discount of $197 and $293 at June 30, 2021 and March 31, 2021, respectively (effective interest rate of 7.44% and 7.44%, respectively)

16,476

20,345

Other

10,845

18,138

Less current portion

(23,099)

(27,339)

Long-term debt, excluding current portion

$

4,735,332

$

4,734,775

Our long-term indebtedness includes a senior secured term loan facility (the “Term Loan Facility”) and a revolving credit facility (the “Revolving Facility”; together with the Term Loan Facility, the “Senior Credit Facilities”). The Senior Credit Facilities provide us with the right at any time to request additional term loan tranches and/or term loan increases, increases in the revolving commitments and/or additional revolving credit facilities. Our long-term indebtedness also includes 5.75% senior notes due March 1, 2025 (the “Senior Notes”) with interest payable semi-annually on March 1 and September 1 of each year.

As of June 30, 2021, we were in compliance with all of the applicable covenants under the Senior Credit Facilities and the Senior Notes.