Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.20.2
Debt (Tables)
9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Debt consisted of the following (amounts in thousands):
  September 30,
2020
December 31,
2019
Takeback Loan Facility, matures March 29, 2024, LIBOR plus 6.5%, subject to a LIBOR floor of 1.25%, with an effective rate of 8.0%
$ 814,275  $ 820,444 
Term Loan Facility, matures July 3, 2024, LIBOR plus 5.0%, subject to a LIBOR floor of 1.5%, with an effective rate of 6.7%
150,000  150,000 
Revolving Credit Facility, matures July 3, 2024, LIBOR plus 5.0%, subject to a LIBOR floor of 1.5%, or base rate (with a floor of 4.5%) plus 4.0%, with an effective rate of 9.0%
23,500  16,000 
  $ 987,775  $ 986,444 
Less: Current portion of long-term debt (8,225) (8,225)
Long-term debt $ 979,550  $ 978,219 
Schedule of Maturities of Debt Obligations
As of September 30, 2020, principal payments scheduled to be made on the Company’s debt obligations are as follows (amounts in thousands):
Remainder of 2020 $ 2,056 
2021 8,225 
2022 8,225 
2023 8,225 
2024 961,044 
2025 — 
Thereafter — 
Total debt principal payments $ 987,775