LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2018

Long-term debt consists of the following at the dates indicated (in thousands):



	December 31,
	2018			2017
6.050% Notes due January 15, 2018 ⁽¹⁾	$	—		$	300,000
2.650% Notes due November 15, 2018 ⁽¹⁾	—			400,000
5.500% Notes due August 15, 2019 ^{(1) (2)}	275,000			275,000
4.875% Notes due February 1, 2021 ⁽¹⁾	650,000			650,000
4.150% Notes due July 1, 2023 ⁽¹⁾	500,000			500,000
4.350% Notes due October 15, 2024 ⁽¹⁾	300,000			300,000
3.950% Notes due December 1, 2026 ⁽¹⁾	600,000			600,000
4.125% Notes due December 1, 2027 ⁽¹⁾	400,000			400,000
6.750% Notes due August 15, 2033 ⁽¹⁾	150,000			150,000
5.850% Notes due November 15, 2043 ⁽¹⁾	400,000			400,000
5.600% Notes due October 15, 2044 ⁽¹⁾	300,000			300,000
6.375 % Junior Notes due January 22, 2078 ⁽¹⁾	400,000			—
Term Loan due September 30, 2019 ⁽²⁾	250,000			250,000
Credit Facility due September 30, 2021	522,328			418,904
Unamortized discounts & debt issuance costs	(32,886		)	(33,379		)
Total debt	4,714,442			4,910,525
Less: Current portion of long-term debt and line of credit ⁽²⁾	(702,727		)	(252,204		)
Total long-term debt	$	4,011,715		$	4,658,321

____________________________


(1)	We make semi-annual interest payments on these notes based on the rates noted above with the principal balances outstanding to be paid on or before the due dates as shown above.

(2)

A portion of the line of credit is classified as a current liability in our consolidated balance sheets as related funds are used to finance the Buckeye Merchant Service Companies’ current working capital needs. In addition, the $275.0 million of 5.500% notes due August 15, 2019 and the $250.0 million Term Loan due September 30, 2019 are classified as current portion of long-term debt as of December 31, 2018.

Scheduled maturities of principal amounts of debt obligations

The following table presents the scheduled maturities of principal amounts of our debt obligations for the next five years and in total thereafter (in thousands):



	Years Ending
	December 31,
2019	$	702,727
2020	—
2021	994,601
2022	—
2023	500,000
Thereafter	2,550,000
Total	$	4,747,328

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details