In the primary quarter, we used money on hand to fully pay down our revolving credit score facility and $250 million of secured notes. Our company web debt on the end of March was $3.1 billion and our leverage fee on the finish of March was 5.four times comfortably beneath our 7.5 instances covenant. The first quarter leverage price is predicted to be the highest after which decline for the remainder of the yr. We proceed to target leverage 22.25 and three instances over the long run. I will talk about our first quarter results and provide you with extra colour on our stability sheet, liquidity position and cash move.
Purchasing via the leisure Travel Services Office ensures you have somebody working to get you the most effective fee and all elements of your purchases are accurate. Also all income from packages, tickets, and so forth. is returned to help your MWR Activities right here at Fort Stewart/HAAF. Fun Runs, Movies underneath the Stars, Holiday Hayride etc. are all part of the MWR Events placed on throughout the year for Military Families to enjoy. Leisure Travel Services strives to offer our Military community the most effective pricing potential.