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Note 6 - Long-Term Debt

6 Months Ended

Jun. 30, 2019

NOTE 6. LONG-TERM DEBT

Long-term debt, net of current maturities and debt issuance costs, consists of the following:

	June 30, 2019
									Unamortized
	Interest								Origination
	Rates at			Outstanding		Unamortized			Fees and			Long-Term
*(In thousands)*	June 30, 2019			Principal		Discount			Costs			Debt, Net
Bank credit facility		4.610	%	$	1,696,282	$	(1,098	)	$	(18,786	)	$	1,676,398
6.875% senior notes due 2023		6.875	%		750,000		—			(6,823	)		743,177
6.375% senior notes due 2026		6.375	%		750,000		—			(8,932	)		741,068
6.000% senior notes due 2026		6.000	%		700,000		—			(9,942	)		690,058
Other		11.029	%		58,505		—			—			58,505
Total long-term debt					3,954,787		(1,098	)		(44,483	)		3,909,206
Less current maturities					26,986		—			—			26,986
Long-term debt, net				$	3,927,801	$	(1,098	)	$	(44,483	)	$	3,882,220

	December 31, 2018
									Unamortized
	Interest								Origination
	Rates at			Outstanding		Unamortized			Fees and			Long-Term
(In thousands)	December 31, 2018			Principal		Discount			Costs			Debt, Net
Bank credit facility		4.651	%	$	1,771,330	$	(1,286	)	$	(21,515	)	$	1,748,529
6.875% senior notes due 2023		6.875	%		750,000		—			(7,701	)		742,299
6.375% senior notes due 2026		6.375	%		750,000		—			(9,594	)		740,406
6.000% senior notes due 2026		6.000	%		700,000		—			(10,639	)		689,361
Other		11.010	%		58,705		—			—			58,705
Total long-term debt					4,030,035		(1,286	)		(49,449	)		3,979,300
Less current maturities					24,181		—			—			24,181
Long-term debt, net				$	4,005,854	$	(1,286	)	$	(49,449	)	$	3,955,119

The outstanding principal amounts under our existing bank credit facility are comprised of the following:

	June 30,		December 31,
(In thousands)	2019		2018
Revolving Credit Facility	$	320,000	$	320,000
Term A Loan		241,325		248,351
Refinancing Term B Loans		1,096,357		1,152,679
Swing Loan		38,600		50,300
Total outstanding principal amounts under the bank credit facility	$	1,696,282	$	1,771,330

At June 30, 2019, approximately $1.7 billion was outstanding under the bank credit facility. With a total revolving credit commitment of $945.5 million available under the bank credit facility, $320.0 million was borrowed on the Revolving Credit Facility, $38.6 million was borrowed on the Swing Loan and $12.7 million allocated to support various letters of credit, leaving a remaining contractual availability of $574.2 million as of June 30, 2019.

Covenant Compliance

As of June 30, 2019, we believe that we were in compliance with the financial and other covenants of our debt instruments.