Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.19.1
Debt (Tables)
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt consisted of the following (amounts in thousands):
 
March 31,
2019
 
December 31,
2018
9.125% Senior Notes due April 1, 2020 with an effective interest rate of 9.1%
$
585,000

 
$
585,000

Ascent Intercompany Loan due October 1, 2020 with an effective rate of 12.5%

 
12,000

Term loan, matures September 30, 2022, LIBOR plus 5.50%, subject to a LIBOR floor of 1.00%, with an effective rate of 8.3%
1,072,500

 
1,075,250

$295 million revolving credit facility, matures September 30, 2021, LIBOR plus 4.00%, subject to a LIBOR floor of 1.00%, with an effective rate of 5.7%
181,400

 
144,200

 
1,838,900

 
1,816,450

Less current portion of long-term debt
(1,838,900
)
 
(1,816,450
)
Long-term debt
$

 
$



Schedule of Maturities of Long-Term Debt Including Short Term Borrowings
As of March 31, 2019, principal payments scheduled to be made on the Company’s debt obligations, assuming certain accelerated maturities due to potential events of default and subsequent transactions, are as follows (amounts in thousands):
Remainder of 2019
$
1,838,900

2020

2021

2022

2023

2024

Thereafter

Total principal payments
1,838,900

Less:
 
Unamortized deferred debt costs and discounts

Total debt on condensed consolidated balance sheet
$
1,838,900