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Debt Level 1 (Notes)
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block] Debt
The components of Debt are:
June 30, 2020December 31, 2019
 (In thousands)
8.0% Senior Notes due November 2021$150,000  $150,000  
5.375% Senior Notes due May 2024 850,000  850,000  
7.5% Senior Notes due April 2027152,710  153,465  
4.625% Senior Notes due December 2027550,000  550,000  
5.125% Senior Notes due June 2029750,000  750,000  
Term Loan due May 2024617,500  633,750  
Bank Credit Facility due May 2024390,000  295,000  
Obligations under finance leases175,618  185,252  
Mortgage notes and other debt, maturities through 205052,370  45,104  
Unamortized premiums and discounts, net5,155  5,634  
Unamortized debt issuance costs(32,377) (34,854) 
Total debt3,660,976  3,583,351  
Less: Current maturities of long-term debt(87,267) (69,821) 
Total long-term debt$3,573,709  $3,513,530  
Current maturities of debt at June 30, 2020 include amounts due under our term loan, mortgage notes and other debt, and finance leases within the next year as well as the portion of unamortized premiums and discounts and debt issuance costs expected to be recognized in the next twelve months.
Our consolidated debt had a weighted average interest rate of 4.22% and 4.72% at June 30, 2020 and December 31, 2019, respectively. Approximately 68% and 69% of our total debt had a fixed interest rate at June 30, 2020 and December 31, 2019, respectively.
During the six months ended June 30, 2020 and 2019, we paid $83.9 million and $97.3 million in cash interest, respectively.
Bank Credit Facility
As of June 30, 2020, we had $390.0 million outstanding borrowings under our Bank Credit Facility due May 2024, $617.5 million of outstanding borrowings under our Term Loan due May 2024, and $34.0 million of letters of credit issued. The Bank Credit Facility 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 June 30, 2020, we were in compliance with all of our debt covenants. We pay a quarterly fee on the unused commitment, which was 0.20% at June 30, 2020. As of June 30, 2020, we have $576.0 million in borrowing capacity under the Bank Credit Facility.
Subsequent to June 30, 2020, we increased our outstanding borrowings by $20.0 million to $410.0 million under our Bank Credit Facility due May 2024.
Debt Issuances and Additions
During the six months ended June 30, 2020, we drew $190.0 million on our Bank Credit Facility for general corporate purposes.
During the six months ended June 30, 2019, we issued or added $854.3 million of debt including:
•$750.0 million unsecured 5.125% Senior Notes due June 2029;
•$55.0 million on our Bank Credit Facility due December 2022; and
•$49.3 million in additional proceeds from certain members of the syndicate of banks in our Bank Credit Facility.
The debt proceeds were used to pay down our Bank Credit Facility due December 2022, to partially redeem our 5.375% Senior Notes due January 2022, to fund acquisition activity, and for general corporate purposes. These transactions resulted in additional debt issuance costs of $15.5 million .
Debt Extinguishments and Reductions
During the six months ended June 30, 2020, we made aggregate debt payments of $112.4 million for scheduled and early extinguishment payments including:
•$95.0 million in aggregate principal of our Bank Credit Facility due May 2024;
•$16.3 million in aggregate principal of our Term Loan due May 2024;
•$0.8 million in aggregate principal of 7.5% Senior Notes due April 2027 repurchased on the open market;
•$0.1 million of premiums paid on early extinguishment; and
•$0.2 million in other debt.
Certain of the above transactions resulted in the recognition of a loss of $0.2 million recorded in Losses on early extinguishment of debt, net in our unaudited Condensed Consolidated Statement of Operations for the six months ended June 30, 2020.
During the six months ended June 30, 2019, we made aggregate debt payments of $836.8 million for scheduled and early extinguishment payments including:
•$450.0 million in aggregate principal of our Bank Credit Facility due December 2022;
•$40.5 million in aggregate principal payments to other members of our Term Loan due December 2022;
•$326.1 million in aggregate principal 5.375% Senior Notes due January 2022;
•$15.7 million in aggregate principal of 7.5% Senior Notes due April 2027;
•$4.3 million of premiums paid on early extinguishment; and
•$0.2 million in other debt.
Certain of the above transactions resulted in the recognition of a loss of $7.6 million recorded in Losses on early extinguishment of debt, net in our Consolidated Statement of Operations for the six months ended June 30, 2019.