| Schedule of Debt |
The following table summarizes the debt of the Company as of
March 31, 2017
and
June 30, 2016
:
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As of March 31, 2017
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As of June 30, 2016
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Amount
(In thousands)
|
|
Effective
Interest Rate
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|
Amount
(In thousands)
|
|
Effective
Interest Rate
|
|
Fixed-rate 2.375% Senior notes due on November 1, 2017
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$
|
250,000
|
|
|
2.396
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%
|
|
$
|
250,000
|
|
|
2.396
|
%
|
|
Fixed-rate 3.375% Senior notes due on November 1, 2019
|
250,000
|
|
|
3.377
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%
|
|
250,000
|
|
|
3.377
|
%
|
|
Fixed-rate 4.125% Senior notes due on November 1, 2021
|
500,000
|
|
|
4.128
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%
|
|
500,000
|
|
|
4.128
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%
|
|
Fixed-rate 4.650% Senior notes due on November 1, 2024
(1)
|
1,250,000
|
|
|
4.682
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%
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|
1,250,000
|
|
|
4.682
|
%
|
|
Fixed-rate 5.650% Senior notes due on November 1, 2034
|
250,000
|
|
|
5.670
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%
|
|
250,000
|
|
|
5.670
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%
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|
Term loans
|
471,250
|
|
|
2.069
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%
|
|
576,250
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|
|
1.714
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%
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Total debt
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2,971,250
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|
|
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3,076,250
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Unamortized discount
|
(3,004
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)
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(3,312
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)
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Unamortized debt issuance costs
|
(13,419
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)
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|
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(15,002
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)
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Total long-term debt
|
$
|
2,954,827
|
|
|
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|
$
|
3,057,936
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|
Reported as:
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Current portion of long-term debt
|
$
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249,971
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$
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—
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Long-term debt
|
2,704,856
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|
|
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|
3,057,936
|
|
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Total debt
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$
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2,954,827
|
|
|
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|
$
|
3,057,936
|
|
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|
__________________
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(1)
|
The effective interest rate disclosed above for this series of Senior Notes excludes the impact of the treasury rate lock hedge discussed below. The effective interest rate including the impact of the treasury rate lock hedge was
4.626%
.
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| Schedule of Maturities of Term Loans |
As of
March 31, 2017
,未来的长期债务的本金are summarized as follows:
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Fiscal year ending June 30:
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Amount
(In thousands)
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2017 (remaining 3 months)
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$
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—
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|
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2018
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250,000
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2019
|
—
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|
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2020
|
721,250
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2021
|
—
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Thereafter
|
2,000,000
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Total payments
|
$
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2,971,250
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| Schedule of Debt Covenants |
In addition, the Company is required to maintain the maximum leverage ratio as described in the Credit Agreement, on a quarterly basis, covering the trailing
four
consecutive fiscal quarters for the fiscal quarters as described below.
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Fiscal Quarters Ending
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Maximum Leverage Ratio
|
|
March 31, 2017
|
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3.50:1.00
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Thereafter
|
|
3.00:1.00
|
|