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Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2017

Long-Term Debt [Abstract]

Long-Term Debt

The following chart presents the Company’s long-term debt as of September 30, 2017 and December 31, 2016:


		September 30, 2017			December 31, 2016
Revolver under Credit Agreement, bearing interest ranging from 2.51% to 3.45%  (a)		$	218,755		$	310,582
Term loan under Credit Agreement, bearing interest at 2.44%  (a)			1,637,500			1,637,500
2018 Senior Notes			50,000			50,000
2019 Senior Notes			175,000			175,000
2021 Senior Notes			100,000			100,000
New 2021 Senior Notes			150,000			150,000
2022 Senior Notes			125,000			125,000
2023 Senior Notes			200,000			200,000
2024 Senior Notes			150,000			-
2025 Senior Notes			375,000			375,000
2026 Senior Notes			400,000			400,000
2027 Senior Notes			250,000			-
Tax-exempt bonds, bearing interest ranging from 1.03% to 1.05%  (a)			95,430			95,430
Notes payable to sellers and other third parties, bearing interest at 2.00% to 24.81%  (a)			26,482			14,180
			3,953,167			3,632,692
Less – current portion			(11,596)			(1,650)
Less – debt issuance costs			(15,810)			(14,282)
		$	3,925,761		$	3,616,760

____________________

(a) Interest rates represent the interest rates incurred at September 30, 2017.  

Details of the Company's Credit Agreement

Details of the Credit Agreement are as follows:




			September 30, 2017			December 31, 2016
Revolver under Credit Agreement
Available		$	1,122,149		$	1,004,451
Letters of credit outstanding		$	221,596		$	247,467
Total amount drawn, as follows:		$	218,755		$	310,582
Amount drawn – Canadian prime rate loan		$	12,020		$	7,448
Interest rate applicable - Canadian prime rate loan			3.45%			2.95%
Amount drawn – Canadian BA loan		$	206,735		$	303,134
Interest rate applicable – Canadian BA loan			2.51%			2.13%
Commitment – rate applicable			0.15%			0.15%
Term loan under Credit Agreement
Amount drawn – U.S. based LIBOR loan		$	1,637,500		$	1,637,500
Interest rate applicable – U.S. based LIBOR loan			2.44%			1.97%



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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.

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Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

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