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Debt (Notes)
9 Months Ended
Sep. 30, 2017
Debt [Abstract]  
Debt Disclosure
Debt
Debt as of September 30, 2017 and December 31, 2016 was as follows:
 
September 30, 2017
 
December 31, 2016
 
(In thousands)
7.625% Senior Notes due October 2018
$
250,000

 
$
250,000

4.5% Senior Notes due November 2020
200,000

 
200,000

8.0% Senior Notes due November 2021
150,000

 
150,000

5.375% Senior Notes due January 2022
425,000

 
425,000

5.375% Senior Notes due May 2024
850,000

 
850,000

7.5% Senior Notes due April 2027
200,000

 
200,000

Term Loan due March 2021
647,500

 
673,750

Bank Credit Facility due March 2021
470,000

 
350,000

Obligations under capital leases
191,627

 
208,758

Mortgage notes and other debt, maturities through 2050
6,134

 
3,753

Unamortized premiums, net
7,673

 
8,313

Unamortized debt issuance costs
(28,804
)
 
(32,984
)
Total debt
3,369,130

 
3,286,590

Less: Current maturities of long-term debt
(76,314
)
 
(89,974
)
Total long-term debt
$
3,292,816

 
$
3,196,616


Current maturities of debt at September 30, 2017 include amounts due under our Term Loan, mortgage notes and other debt, and capital leases within the next year.
Our consolidated debt had a weighted average interest rate of 4.80% and 4.68% at September 30, 2017 and December 31, 2016, respectively. Approximately 62% and 63% of our total debt had a fixed interest rate at September 30, 2017 and December 31, 2016, respectively.
During the nine months ended September 30, 2017 and 2016, we paid $101.7 million and $98.8 million in cash interest, respectively.
Bank Credit Agreement
As of September 30, 2017, we have $470.0 million of outstanding borrowings under our Bank Credit Facility due March 2021; $647.5 million of outstanding borrowings under our Term Loan due March 2021; and issued $33.4 million of letters of credit. The bank credit agreement provides us with flexibility for working capital, if needed, and is guaranteed by a majority of our domestic subsidiaries. The subsidiary guaranty is a guaranty of payment of the outstanding amount of the total lending commitment, including letters of credit. The bank credit agreement contains certain financial covenants, including a minimum interest coverage ratio, a maximum leverage ratio, and certain dividend and share repurchase restrictions. As of September 30, 2017, we were in compliance with all of our debt covenants. We pay a quarterly fee on the unused commitment, which was 0.30% at September 30, 2017. As of September 30, 2017, we have $196.6 million in borrowing capacity under the Bank Credit Facility.
Debt Issuances and Additions
For the nine months ended September 30, 2017, we drew $120.0 million on our Bank Credit Facility to make required payments on our term loan, to fund our IRS settlement payments, and for general corporate purposes.
Debt Extinguishments and Reductions
During the nine months ended September 30, 2017, we made aggregate principal debt payments of $26.4 million, including $26.3 million for scheduled payments towards our Term Loan.