注6 - 债务

The following table summarizes the debt of the Company as of December 31, 2016 and 2016年6月30日 :

__________________

As of December 31, 2016 , future principal payments for the long-term debt are summarized as follows. There are no scheduled payment for the term loans for fiscal years ending 2017 and 2018, since the Company made $178.8 million of principal prepayments as of December 31, 2016 .

Senior Notes:

2014年11月，该公司发布beplay官网ued $2.50 billion aggregate principal amount of senior, unsecured long-term notes (collectively referred to as “Senior Notes”). The Company issued the Senior Notes as part of the leveraged recapitalization plan under which the proceeds from the Senior Notes in conjunction with the proceeds from the term loans (described below) and cash on hand were used (x) to fund a special cash dividend of $ 16.50 每股，汇总到大约 $2.76 billion , (y) to redeem 750.0万美元 of 2018 高级笔记,包括相关赎回过犹不及iums, accrued interest and other fees and expenses and (z) for other general corporate purposes, including repurchases of shares pursuant to the Company’s stock repurchase program. The interest rate specified for each series of the Senior Notes will be subject to adjustments from time to time if Moody’s Investor Service, Inc. (“Moody’s”) or Standard & Poor’s Ratings Services (“S&P”) or, under certain circumstances, a substitute rating agency selected by us as a replacement for Moody’s or S&P, as the case may be (a “Substitute Rating Agency”), downgrades (or subsequently upgrades) its rating assigned to the respective series of Senior Notes such that the adjusted rating is below investment grade. If the adjusted rating of any series of Senior Notes from Moody’s (or, if applicable, any Substitute Rating Agency) is decreased to Ba1, Ba2, Ba3 or B1 or below, the stated interest rate on such series of Senior Notes as noted above will increase by 25 bps , 50 bps , 75 bps. or 100 bps 分别（“bps”是指基点，1％等于 100 bps ). If the rating of any series of Senior Notes from S&P (or, if applicable, any Substitute Rating Agency) with respect to such series of Senior Notes is decreased to BB+, BB, BB- or B+ or below, the stated interest rate on such series of Senior Notes as noted above will increase by 25 bps , 50 bps , 75 bps. or 100 bps ， 分别。The interest rates on any series of Senior Notes will permanently cease to be subject to any adjustment (notwithstanding any subsequent decrease in the ratings by any of Moody’s, S&P and, if applicable, any Substitute Rating Agency) if such series of Senior Notes becomes rated “Baa1” (or its equivalent) or higher by Moody’s (or, if applicable, any Substitute Rating Agency) and “BBB+” (or its equivalent) or higher by S&P (or, if applicable, any Substitute Rating Agency), or one of those ratings if rated by only one of Moody’s, S&P and, if applicable, any Substitute Rating Agency, in each case with a stable or positive outlook. In October 2014, the Company entered into a series of forward contracts to lock the 10-year treasury rate (“benchmark rate”) on a portion of the Senior Notes with a notional amount of $1.00 billion 合计。有关其他详细信息，请参阅注14，“衍生工具和套期保值活动”。

The original discount on the Senior Notes amounted to $4.0 million and is being amortized over the life of the debt. Interest is payable semi-annually on May 1 and November 1 of each year. The debt indenture (the “Indenture”) includes covenants that limit the Company’s ability to grant liens on its facilities and enter into sale and leaseback transactions, subject to certain allowances under which certain sale and leaseback transactions are not restricted. As of December 31, 2016 ，该公司符合beplay官网ued其与高级票据相关的契约下的所有契约。

In certain circumstances involving a change of control followed by a downgrade of the rating of a series of Senior Notes by at least two of Moody’s, S&P and Fitch Inc., unless the Company has exercised its right to redeem the Senior Notes of such series, the Company will be required to make an offer to repurchase all or, at the holder’s option, any part, of each holder’s Senior Notes of that series pursuant to the offer described below (the “Change of Control Offer”). In the Change of Control Offer, the Company will be required to offer payment in cash equal to 101% of the aggregate principal amount of Senior Notes repurchased plus accrued and unpaid interest, if any, on the Senior Notes repurchased, up to, but not including, the date of repurchase.

Based on the trading prices of the Senior Notes on the applicable dates, the fair value of the Senior Notes as of December 31, 2016 and 2016年6月30日 大约是 $2.62 billion and 26.8亿美元 ， 分别。虽然高级票据按成本记录，但长期债务的公允价值取决于不活跃的市场的报价;因此，为了公允价值计量层次结构，长期债务分类为级别2。

信贷额度（贷款贷款和未资金循环信贷设施）：

2014年11月，公司进入了beplay官网ued 750.0万美元 of five - 年高级无抵押预付项贷款和a 5000万美元 在信用协议（“信用协议”）下，无资金循环信贷设施（集体，“信贷工厂”）。信贷工具下的利息将在伦敦银行间提供的贷款金额（“Libor”）加上目前的展示 125 bps 此次差价与公司的信用评级降级或升级相结合调整。beplay官网ued传播范围来自 100 bps to 175 bps based on the Company’s then effective credit rating. The Company is also obligated to pay an annual commitment fee of 15个bps. on the daily undrawn balance of the revolving credit facility, which is also subject to an adjustment in conjunction with the Company’s credit rating downgrades or upgrades by Moody’s and S&P. The annual commitment fee ranges from 10 bps to 25 bps 根据循环信贷设施的日常删除平衡，取决于当时有效的信用评级。在每个日历季度的最后一天，将在每个日历季度的最后一天作出主要付款，并在2019年11月14日（“到期日”）应支付任何未付贷款的未付本金余额。本公司可beplay官网ued以在任何预付期惩罚的情况下预付贷款贷款和无资金的循环信贷设施。在财政年度结束的第二季度 2017年6月30日 ，公司发出了beplay官网ued一期贷款主要付款 $ 4000万美元 .

Future principal payments for the Company’s term loans (without giving effect to $178.8 million of principal prepayments as of December 31, 2016 that shall be applied to the future scheduled quarterly payments) as of December 31, 2016 , are as follows:

The Credit Facility requires the Company to maintain an interest expense coverage ratio as described in the Credit Agreement, on a quarterly basis, covering the trailing 四 consecutive fiscal quarters of no less than 3.50 to 1.00. 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 四 consecutive fiscal quarters for the fiscal quarters as described below.

The Company was in compliance with the financial covenants under the Credit Agreement as of December 31, 2016 and had no 未结块循环信贷额度下的出色借款。