american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) the term of the economic rights agreement is seventy years ; however , tv azteca has the right to purchase , at fair market value , the economic rights from the company at any time during the last fifty years of the agreement . should tv azteca elect to purchase the economic rights ( in whole or in part ) , it would also be obligated to repay a proportional amount of the loan discussed above at the time of such election . the company 2019s obligation to pay tv azteca $ 1.5 million annually would also be reduced proportionally . the company has accounted for the annual payment of $ 1.5 million as a capital lease ( initially recording an asset and a corresponding liability of approximately $ 18.6 million ) . the capital lease asset and the discount on the note , which aggregate approximately $ 30.2 million , represent the cost to acquire the economic rights and are being amortized over the seventy-year life of the economic rights agreement . on a quarterly basis , the company assesses the recoverability of its note receivable from tv azteca . as of december 31 , 2005 and 2004 , the company has assessed the recoverability of the note receivable from tv azteca and concluded that no adjustment to its carrying value is required . an executive officer and former director of the company served as a director of tv azteca from december 1999 to february 2006 . as of december 31 , 2005 and 2004 , the company also had other long-term notes receivable outstanding of approximately $ 11.1 million and $ 11.2 million , respectively . 7 . financing arrangements outstanding amounts under the company 2019s long-term financing arrangements consisted of the following as of december 31 , ( in thousands ) : .

2005: american tower credit facility: 793000
spectrasite credit facility: 700000
senior subordinated notes: 400000
senior subordinated discount notes net of discount and warrant valuation: 160252
senior notes net of discount and premium: 726754
convertible notes net of discount: 773058
notes payable and capital leases: 60365
total: 3613429
less current portion of other long-term obligations: -162153
long-term debt: 3451276
2004: american tower credit facility: 698000
senior subordinated notes: 400000
senior subordinated discount notes net of discount and warrant valuation: 303755
senior notes net of discount and premium: 1001817
convertible notes net of discount: 830056
notes payable and capital leases: 59986
total: 3293614
less current portion of other long-term obligations: -138386
long-term debt: 3155228

new credit facilities 2014in october 2005 , the company refinanced the two existing credit facilities of its principal operating subsidiaries . the company replaced the existing american tower $ 1.1 billion senior secured credit facility with a new $ 1.3 billion senior secured credit facility and replaced the existing spectrasite $ 900.0 million senior secured credit facility with a new $ 1.15 billion senior secured credit facility . as a result of the repayment of the previous credit facilities , the company recorded a net loss on retirement of long-term obligations of $ 9.8 million in the fourth quarter of 2005. .

Questions:
between the years of 2004 and 2005, what was the variation in the long-term debt?
and concerning the long-term financing, what percentage of it was classified as current by the end of the last year of that period, in 2005?

Answers:
296048
4%