Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.20.1
Debt (Tables)
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Debt consisted of the following (amounts in thousands):
  March 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 8.3%
$ 818,388    $ 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 6.8%
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 11.6%
63,500    16,000   
  $ 1,031,888    $ 986,444   
Less: Current portion of long-term debt (8,225)   (8,225)  
Long-term debt $ 1,023,663    $ 978,219   
Schedule of Maturities of Long-Term Debt
As of March 31, 2020, principal payments scheduled to be made on the Company’s debt obligations are as follows (amounts in thousands):
Remainder of 2020 $ 6,169   
2021 8,225   
2022 8,225   
2023 8,225   
2024 1,001,044   
2025 —   
Thereafter —   
Total debt principal payments $ 1,031,888