Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.20.4
Debt (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Debt consisted of the following (amounts in thousands):
  December 31,
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%
$ 812,219  $ 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 9.5%
17,000  16,000 
  $ 979,219  $ 986,444 
Less: Current portion of long-term debt (8,225) (8,225)
Long-term debt $ 970,994  $ 978,219 
Schedule of Principal Payments on Debt Obligations
As of December 31, 2020, principal payments scheduled to be made on the Company’s debt obligations are as follows (amounts in thousands):
2021 $ 8,225 
2022 8,225 
2023 8,225 
2024 954,544 
2025 — 
Thereafter — 
Total debt principal payments $ 979,219