| Summary of long-term debt |
Long-term debt, which includes capital leases, at September 30, 2018 and December 31, 2017, consists of the following:
|
|
|
|
|
|
|
|
|
|
September 30, 2018 |
|
December 31, 2017 |
|
(in thousands) |
Senior Secured Credit Facility: |
|
|
|
Term loan A |
$ |
161,500 |
|
|
$ |
175,750 |
|
Term loan B |
955,573 |
|
|
962,849 |
|
4.875% Senior Notes due 2024 |
575,000 |
|
|
575,000 |
|
5.625% Senior Notes due 2026 |
300,000 |
|
|
— |
|
5.375% Senior Notes due 2022 |
250,000 |
|
|
250,000 |
|
2.5% Convertible Senior Notes due 2023 |
550,000 |
|
|
— |
|
2.5% Convertible Senior Notes due 2019 |
28,674 |
|
|
275,000 |
|
Other long-term debt |
93,398 |
|
|
99,393 |
|
Total principal amount |
2,914,145 |
|
|
2,337,992 |
|
Less unamortized discounts and debt issuance costs |
(100,328 |
) |
|
(38,033 |
) |
Total debt, net of unamortized discounts and debt issuance costs |
2,813,817 |
|
|
2,299,959 |
|
Less: current portion |
81,832 |
|
|
347,593 |
|
Total long-term debt, net of unamortized discounts and debt issuance costs |
$ |
2,731,985 |
|
|
$ |
1,952,366 |
|
|
| Future maturities of long-term debt |
Future maturities of long-term debt at September 30, 2018 are as follows:
|
|
|
|
|
|
(in thousands) |
October 1 - December 31, 2018 |
$ |
51,802 |
|
2019 |
45,192 |
|
2020 |
71,091 |
|
2021 |
122,671 |
|
2022 |
819,010 |
|
Thereafter |
1,804,379 |
|
Total |
$ |
2,914,145 |
|
|
| Summary of pre tax interest cost recognized on convertible senior notes |
The following table summarizes the amount of pre-tax interest cost recognized on the notes:
|
|
|
|
|
|
|
|
|
|
Three Months Ended
September 30, 2018 |
|
Nine Months Ended
September 30, 2018 |
|
(in thousands) |
Interest cost recognized relating to: |
|
|
|
Contractual interest coupon |
$ |
3,361 |
|
|
$ |
7,257 |
|
Amortization of debt discount |
2,996 |
|
|
5,951 |
|
Amortization of debt issuance costs |
534 |
|
|
1,068 |
|
Total interest cost recognized on the notes |
$ |
6,891 |
|
|
$ |
14,276 |
|
|