Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v2.4.1.9
Debt (Tables)
9 Months Ended
Mar. 31, 2015
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes the debt of the Company as of March 31, 2015 and June 30, 2014:
 
As of March 31, 2015
 
As of June 30, 2014
 
Amount
(in thousands)
 
Effective
Interest Rate
 
Amount
(in thousands)
 
Effective
Interest Rate
Fixed-rate 6.900% Senior notes due on May 1, 2018
$

 
 
 
$
750,000

 
7.001
%
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
%
 

 
 
Fixed-rate 4.125% Senior notes due on November 1, 2021
500,000

 
4.128
%
 

 
 
Fixed-rate 4.650% Senior notes due on November 1, 2024(1)
1,250,000

 
4.682
%
 

 
 
Fixed-rate 5.650% Senior notes due on November 1, 2034
250,000

 
5.670
%
 

 
 
Term loans
740,625

 
 
 

 
 
Total debt
3,240,625

 
 
 
750,000

 
 
Unamortized discount
(3,826
)
 
 
 
(2,081
)
 
 
Total debt
$
3,236,799

 
 
 
$
747,919

 
 
 
 
 
 
 
 
 
 
Reported as:
 
 
 
 
 
 
 
Current portion of long-term debt
$
37,500

 
 
 
$

 
 
Long-term debt
3,199,299

 
 
 
747,919

 
 
Total debt
$
3,236,799

 
 
 
$
747,919

 
 
__________________ 
(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%.
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.
Fiscal Quarters Ending
 
Maximum Leverage Ratio
March 31, 2015 and June 30, 2015
 
4.25:1.00
September 30, 2015 and December 31, 2015
 
4.00:1.00
March 31, 2016 through September 30, 2016
 
3.75:1.00
December 31, 2016 and March 31, 2017
 
3.50:1.00
Thereafter
 
3.00:1.00
Schedule of Maturities of Term Loans
Future principal payments for the Company’s term loans as of March 31, 2015, are as follows:
Fiscal Quarters Ending
 
Quarterly Payment
(in thousands)
March 31, 2015 through December 31, 2016
 
$
9,375

March 31, 2017 through December 31, 2017
 
$
14,063

March 31, 2018 through September 30, 2019
 
$
18,750

December 31, 2019
 
$
487,500