6. Long-term Debt

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


	September 30,		December 31,
	2016		2015
	(in thousands)

Senior secured credit facility	$	1,232,818	$	1,259,740
$300 million 5.875 % senior unsecured notes due November 1, 2021		300,000		300,000
Other long-term obligations		154,469		146,992
Capital leases		2,215		28,466
		1,689,502		1,735,198
Less current maturities of long-term debt		(81,741)		(92,108)
Less net discounts		(636)		(686)
Less debt issuance costs, net of accumulated amortization of $18.7 million and $13.3 million, respectively		(17,909)		(23,553)
	$	1,589,216	$	1,618,851

The following is a schedule of future minimum repayments of long-term debt as of September 30, 2016 (in thousands):


Within one year	$	81,631
1-3 years		966,934
3-5 years		285,048
Over 5 years		355,889
Total minimum payments	$	1,689,502

Senior Secured Credit Facility

On April 28, 2015, the Company entered into an agreement to amend its senior secured credit facility. In August 2015, the amendment to the senior secured credit facility went into effect increasing the capacity under an existing five year revolver from $500 million to $633.2 million and increased the existing five year $500 million Term Loan A facility by $146.7 million. The seven year $250 million Term Loan B facility remained unchanged. At September 30, 2016, the Company’s senior secured credit facility had a gross outstanding balance of $1,232.8 million, consisting of a $555.7 million Term Loan A facility, a $243.1 million Term Loan B facility, and $434.0 million outstanding on the revolving credit facility. Additionally, at September 30, 2016, the Company had conditional obligations under letters of credit issued pursuant to the senior secured credit facility with face amounts aggregating $23.0 million, resulting in $176.2 million of available borrowing capacity as of September 30, 2016 under the revolving credit facility.

Corporate Airplane Loan

On September 30, 2016, the Company acquired a previously leased corporate airplane and financed the purchase price with an amortizing loan at a fixed interest rate of 5.22% for a term of five years with monthly payments of $220 thousand and a balloon payment of $12.6 million at the end of the loan term. This loan is included with other long-term obligations.

Covenants

The Company’s senior secured credit facility and $300 million 5.875% senior unsecured 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 $300 million 5.875% senior unsecured notes restrict, among other things, its 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 September 30, 2016, the Company was in compliance with all required financial covenants.