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Long-Term Debt | 6 Months Ended
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Jun. 30, 2017
Debt Disclosure [Abstract] |
Long-term debt | Long-term debt Our long-term debt is summarized below (in thousands):
| June 30, 2017 |  | Dec. 31, 2016
Unsecured floating rate term loan due quarterly through August 2018 | $ | 36,300 |  |  | $ | 52,100 |
VIE unsecured floating rate term loans due quarterly through December 2018 | 969 |  |  | 1,292 |
Unsecured floating rate term loan due quarterly through June 2020 | 120,000 |  |  | 140,000 |
Unsecured floating rate term loan due quarterly through September 2020 | 255,000 |  |  | 285,000 |
Borrowings under revolving credit agreement expiring June 2020 | — |  |  | 635,000 |
Unsecured notes bearing fixed rate interest at 5.125% due October 2019 | 600,000 |  |  | 600,000 |
Unsecured notes bearing fixed rate interest at 5.125% due July 2020 | 600,000 |  |  | 600,000 |
Unsecured notes bearing fixed rate interest at 4.875% due September 2021 | 350,000 |  |  | 350,000 |
Unsecured notes bearing fixed rate interest at 6.375% due October 2023 | 650,000 |  |  | 650,000 |
Unsecured notes bearing fixed rate interest at 5.50% due September 2024 | 325,000 |  |  | 325,000 |
Unsecured notes bearing fixed rate interest at 7.75% due June 2027 | 200,000 |  |  | 200,000 |
Unsecured notes bearing fixed rate interest at 7.25% due September 2027 | 240,000 |  |  | 240,000 |
Total principal long-term debt | 3,377,269 |  |  | 4,078,392 |
Debt issuance costs | (24,873 | ) |  | (27,615 | )
Other (fair market value adjustments and discounts) | (5,764 | ) |  | (7,382 | )
Total long-term debt | 3,346,632 |  |  | 4,043,395 |
Less current portion of long-term debt maturities of VIE loans | 646 |  |  | 646 |
Long-term debt, net of current portion | $ | 3,345,986 |  |  | $ | 4,042,749 |
In connection with and prior to the completion of the spin-off, Cars.com borrowed an aggregate principal amount of approximately $675 million under a revolving credit facility agreement. The proceeds were used to make a tax-free distribution of $650 million from Cars.com to TEGNA. TEGNA used $609.9 million of the tax-free distribution proceeds to fully pay down our outstanding revolving credit agreement borrowings plus accrued interest. As of June 30, 2017, we had an unused borrowing capacity of $1.5 billion under our revolving credit facility. The approximately $40 million of remaining proceeds of the tax-free distribution from Cars.com will be used to pay down historical debt outstanding. In addition, we intend to use the proceeds from the sale of our majority interest in CareerBuilder to pay down existing debt and for other general corporate purposes (see Note 12). On August 1, 2017, we amended our Amended and Restated Competitive Advance and Revolving Credit Agreement. Under the amended terms, our maximum total leverage ratio will remain at 5.0 x through June 30, 2018, after which, as amended, it will be reduced to 4.75 x through June 2019 and then to 4.5 x until the termination of the credit agreement on June 29, 2020.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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