Quarterly report pursuant to Section 13 or 15(d)

Long-Tem Debt (Tables)

v3.19.1
Long-Tem Debt (Tables)
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

Long-term debt, excluding amounts outstanding on the revolving credit facility, as of March 31, 2019 and December 31, 2018 consisted of the following:
(in thousands)
March 31, 2019
 
December 31, 2018
Term Loan - Senior, matures January 3, 2023 and bears interest at LIBOR plus 5.0% at March 31, 2019 and December 31, 2018 (rate of 7.50% at March 31, 2019 and 7.53% at December 31, 2018)
$
391,842

 
$
322,666

Term Loan - Subordinated, matures July 3, 2023 and bears interest at 5.0% plus payment-in-kind interest (rate of 10.5% at March 31, 2019 and December 31, 2018)
91,226

 
90,016

Total
483,068

 
412,682

Less: current portion of long-term debt
(3,293
)
 
(3,293
)
Less: unamortized debt discounts
(3,457
)
 
(3,300
)
Less: deferred financing costs
(3,781
)
 
(3,994
)
Total long-term debt
$
472,537

 
$
402,095


Schedule of Maturities of Long-Term Debt
Principal contractual maturities on long-term debt are as follows:

(in thousands)
 
 
Year
 
Maturities
2019
 
$
3,293

2020
 
3,293

2021
 
3,293

2022
 
3,293

2023
 
469,896

 
 
$
483,068