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Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt

Long-term debt

​

​	​	​	​	​	​	​	​
​	​	As of December 31,
​		2019			2018
​	​	(In thousands)
5.00% senior notes due September 2020 (1)	​	$	282,046	​	$	614,748	​
4.625% senior notes due September 2021	​		634,588	​		668,347	​
5.50% senior notes due January 2023	​		501,003	​		586,000	​
5.10% senior notes due September 2023	​		336,810	​		342,923	​
0.75% senior exchangeable notes due January 2024	​		472,603	​		450,689	​
5.75% senior notes due February 2025	​	​	781,502	​		791,502	​
2012 Revolving credit facility (1)	​		355,000	​	​	170,000	​
2018 Revolving credit facility	​		—	​	​	—	​
Other	​		—	​	​	561	​
​	​	​	3,363,552	​	​	3,624,770	​
Less: current portion	​		—	​		561	​
Less: deferred financing costs	​	​	30,332	​	​	38,325	​
​	​	$	3,333,220	​	$	3,585,884	​

​

(1) The 5.00% senior notes due September 2020 and 2012 Revolving Credit Facility have been classified as long-term because we have the ability and intent to repay this obligation utilizing our 2018 Revolving Credit Facility.

Maturity of primary debt

As of December 31, 2019, the principal amount and maturities of our primary debt for each of the five years after 2019 and thereafter are as follows:

​

​	​	​	​	​
​		Paid at Maturity
​	​	(In thousands)
2020	​	$	637,162	(1)
2021	​		634,999	(2)
2022	​		—	​
2023	​		838,281	(3)
2024	​		575,000	(4)
Thereafter	​		781,502	(5)
​	​	$	3,466,944	​

(1) Represents our 5.00% senior notes due September 2020 and amounts outstanding under our 2012 Revolving Credit Facility due July 2020. Subsequent to the balance sheet through the date of this report, approximately $3.0 million aggregate principal amount of our 5.00% senior notes were repurchased in the open market, aside from the tender offer.

​

(2) Represents our 4.625% senior notes due September 2021. Approximately $379.7 million aggregate principal amount of our 4.625% senior notes were tendered pursuant to the previously announced offer to purchase and consent solicitation during January 2020 and approximately $5.0 million aggregate principal amount were repurchased in the open market, aside from the tender offer.

​

(3) Represents our 5.50% senior notes due January 2023 and 5.10% senior notes due September 2023. Approximately $407.7 million aggregate principal amount of our 5.50% senior notes and $165.5 million aggregate principal amount of our 5.10% senior notes were tendered pursuant to the previously announced offer to purchase and consent solicitation during January 2020. Subsequent to the balance sheet through the date of this report, approximately $9.0 million aggregate principal amount of our 5.50% senior notes and $4.2 million aggregate principal amount of our 5.10% senior notes were repurchased in the open market.

​

(4) Represents our 0.75% senior exchangeable notes due January 2024.

​

(5) Represents our 5.75% senior notes due February 2025.

Short-Term Borrowings

​

​	​	​	​	​
​		December 31,
​	​	2019
​	​	(In thousands)
Credit available	​	$	890,902	​
Less: Letters of credit outstanding, inclusive of financial and performance guarantees	​		146,788	​
Remaining availability	​	$	744,114	​

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