INTEREST EXPENSE

12 Months Ended

Dec. 31, 2015

Interest Expense [Abstract]

INTEREST EXPENSE

INTEREST EXPENSE

Interest expense comprised the following for the years ended December 31, 2015, 2014 and 2013:

	For The Year Ending December 31,
	2015		2014		2013
Interest on Senior Debt and other financing arrangements	$	114,730	$	104,570	$	100,320
Amortization of capitalized debt issuance costs	15,484		18,297		4,101
Amortization of debt issuance discount and premium, net	41,230		19,138		7,288
Total interest expense	$	171,444	$	142,005	$	111,709

We paid cash interest of US$ 18.5 million, US$ 76.2 millionandUS$108.3 million for years ended December 31, 2015, 2014 and 2013, respectively.