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Long-Term Debt
3 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Long-Term Debt
Long-Term Debt

At June 30, 2017, we had $90.0 million outstanding on the asset-based revolving credit facility entered into January 31, 2012, as amended (the "2012 ABL Revolver") and a borrowing capacity of $77.4 million.
Long-term debt consists of the following, as of the dates indicated:
(In thousands, except percentages)
 
June 30,
2017
 
March 31,
2017
2016 Senior Notes bearing interest at 6.375%, with interest payable on March 1 and September 1 of each year. The 2016 Senior Notes mature on March 1, 2024.
 
$
350,000

 
$
350,000

2013 Senior Notes bearing interest at 5.375%, with interest payable on June 15 and December 15 of each year. The 2013 Senior Notes mature on December 15, 2021.
 
400,000

 
400,000

2012 Term B-4 Loans bearing interest at our option at either LIBOR plus a margin of 2.75%, with a LIBOR floor of 0.75%, or a base rate plus a margin (with a margin step-down to 2.50%) due on January 26, 2024.
 
1,332,000

 
1,382,000

2012 ABL Revolver bearing interest at our option at either a base rate plus applicable margin or LIBOR plus applicable margin. Any unpaid balance is due on January 26, 2022.
 
90,000

 
90,000

Total long-term debt (including current portion)
 
2,172,000

 
2,222,000

Current portion of long-term debt
 

 

Long-term debt
 
2,172,000

 
2,222,000

Less: unamortized debt costs
 
(26,591
)
 
(28,268
)
Long-term debt, net
 
$
2,145,409

 
$
2,193,732



As of June 30, 2017, aggregate future principal payments required in accordance with the terms of the 2012 Term B-4 Loans, 2012 ABL Revolver and the indentures governing the 6.375% senior unsecured notes due 2024 (the "2016 Senior Notes") and the 5.375% senior unsecured notes due 2021 (the "2013 Senior Notes") are as follows:
(In thousands)
 
 
Year Ending March 31,
 
Amount
2018 (remaining nine months ending March 31, 2018)
$

2019

2020

2021

2022
490,000

Thereafter
1,682,000

 
$
2,172,000