| Schedule of Debt |
The following table summarizes the debt of the Company as of
March 31, 2018
and
June 30, 2017
:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
As of March 31, 2018
|
|
As of June 30, 2017
|
|
|
Amount
(In thousands)
|
|
Effective
Interest Rate
|
|
Amount
(In thousands)
|
|
Effective
Interest Rate
|
|
Fixed-rate 2.375% Senior notes due on November 1, 2017
|
$
|
—
|
|
|
—
|
%
|
|
$
|
250,000
|
|
|
2.396
|
%
|
|
Fixed-rate 3.375% Senior notes due on November 1, 2019
|
250,000
|
|
|
3.377
|
%
|
|
250,000
|
|
|
3.377
|
%
|
|
Fixed-rate 4.125% Senior notes due on November 1, 2021
|
500,000
|
|
|
4.128
|
%
|
|
500,000
|
|
|
4.128
|
%
|
|
Fixed-rate 4.650% Senior notes due on November 1, 2024
(1)
|
1,250,000
|
|
|
4.682
|
%
|
|
1,250,000
|
|
|
4.682
|
%
|
|
Fixed-rate 5.650% Senior notes due on November 1, 2034
|
250,000
|
|
|
5.670
|
%
|
|
250,000
|
|
|
5.670
|
%
|
|
Term loans
|
—
|
|
|
—
|
%
|
|
446,250
|
|
|
2.137
|
%
|
|
Revolving Credit Facility
|
225,000
|
|
|
2.913
|
%
|
|
—
|
|
|
—
|
%
|
|
Total debt
|
2,475,000
|
|
|
|
|
2,946,250
|
|
|
|
|
Unamortized discount
|
(2,614
|
)
|
|
|
|
(2,901
|
)
|
|
|
|
Unamortized debt issuance costs
|
(10,472
|
)
|
|
|
|
(12,892
|
)
|
|
|
|
Total debt
|
$
|
2,461,914
|
|
|
|
|
$
|
2,930,457
|
|
|
|
|
Reported as:
|
|
|
|
|
|
|
|
|
Current portion of long-term debt
|
$
|
—
|
|
|
|
|
$
|
249,983
|
|
|
|
|
Long-term debt
|
2,461,914
|
|
|
|
|
2,680,474
|
|
|
|
|
Total debt
|
$
|
2,461,914
|
|
|
|
|
$
|
2,930,457
|
|
|
|
__________________
|
|
|
(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, 2018
, future principal payments for the debt are summarized as follows:
|
|
|
|
|
|
Fiscal year ending June 30:
|
Amount
(In thousands)
|
|
2018 (remaining 3 months)
|
$
|
—
|
|
|
2019
|
—
|
|
|
2020
|
250,000
|
|
|
2021
|
—
|
|
|
2022
|
500,000
|
|
|
Thereafter
|
1,725,000
|
|
|
Total payments
|
$
|
2,475,000
|
|
|