6. Long-term Debt

Long-term debt, net of current maturities, is as follows:

		March 31,			December 31,
		2013			2012
		(in thousands)

Senior secured credit facility		$	2,278,050		$	2,394,963
$	325 million 8 ¾% senior subordinated notes due August 2019	325,000			325,000
Other long-term obligations		10,000			10,000
Capital leases		2,076			2,111
		2,615,126			2,732,074
Less current maturities of long-term debt		(88,368		)	(81,497		)
Less discount on senior secured credit facility Term Loan B		(1,442		)	(1,504		)
		$	2,525,316		$	2,649,073

The following is a schedule of future minimum repayments of long-term debt as of March 31, 2013 (in thousands) (which does not contemplate the redemption of debt obligations that are anticipated to occur in connection with the proposed Spin-Off):

Within one year	$	88,368
1-3 years	238,633
3-5 years	775,543
Over 5 years	1,512,582
Total minimum payments	$	2,615,126

Senior Secured Credit Facility

The Company’s senior secured credit facility had a gross outstanding balance of $2,278.1 million at March 31, 2013, consisting of a $1,028.8 million Term Loan A facility and a $1,249.3 million Term Loan B facility. No balances were outstanding on the revolving credit facility at March 31, 2013. Additionally, at March 31, 2013, the Company was contingently obligated under letters of credit issued pursuant to the senior secured credit facility with face amounts aggregating $73.2 million, resulting in $711.8 million of available borrowing capacity as of March 31, 2013 under the revolving credit facility.

Covenants

The Company’s senior secured credit facility and $325 million 83/4% senior subordinated notes require it, among other obligations, to maintain specified financial ratios and to satisfy certain financial tests, including fixed charge coverage, interest coverage, senior leverage and total leverage ratios. In addition, the Company’s senior secured credit facility and $325 million 83/4% senior subordinated notes restrict, among other things, the Company’s ability to incur additional indebtedness, incur guarantee obligations, amend debt instruments, pay dividends, create liens on assets, make investments, engage in mergers or consolidations, and otherwise restrict corporate activities.

At March 31, 2013, the Company was in compliance with all required financial covenants.