4. Debt

Long-term debt and lease obligations consisted of the following (in thousands):

	March 31, 2018			December 31, 2017
2022 facility (1)	$	506,000		$	350,000
2024 notes		750,000			750,000
2024 term loan (2)		461,775			462,950
Lease finance obligations		224,179			225,070
Capital lease obligations		17,257			15,431
		1,959,211			1,803,451
Unamortized debt discount and debt issuance costs		(18,388	)		(19,031	)
		1,940,823			1,784,420
Less: current maturities of long-term debt and lease obligations		12,413			12,475
Long-term debt and lease obligations, net of current maturities	$	1,928,410		$	1,771,945

(1)

The weighted average interest rate was 3.5% and 2.9% as of March 31, 2018 and December 31, 2017, respectively.

(2)

The weighted average interest rate was 4.7% and 4.3% as of March 31, 2018 and December 31, 2017, respectively.

Fair Value

As of March 31, 2018 and December 31, 2017 the Company does not have any financial instruments which are measured at fair value on a recurring basis. We have elected to report the value of our 5.625% senior secured notes due 2024 (“2024 notes”), senior secured term loan facility due 2024 (“2024 term loan”) and $900.0 million revolving credit facility (“2022 facility”) at amortized cost. The fair values of the 2024 notes and the 2024 term loan at March 31, 2018 were approximately $758.1 million and $463.5 million, respectively, and were determined using Level 2 inputs based on market prices. The carrying value of the 2022 facility at March 31, 2018 approximates fair value as the rates are comparable to those at which we could currently borrow under similar terms, are variable and incorporate a measure of our credit risk. As such, the fair value of the 2022 facility was also classified as Level 2 in the hierarchy.

We were not in violation of any covenants or restrictions imposed by any of our debt agreements at March 31, 2018.