Schedule of Debt |
Long-term debt consisted of the following as of June 30, 2022 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Principal Amount | | Discount | | Debt Issuance Costs | | Net Balance | Asset-based-lending (“ABL”) facility | | $ | — | | | $ | — | | | $ | — | | | $ | — | | First Lien Term Loan | | 597,000 | | | (8,966) | | | (12,443) | | | 575,591 | | Senior Notes | | 500,000 | | | — | | | (10,574) | | | 489,426 | | | | $ | 1,097,000 | | | $ | (8,966) | | | $ | (23,017) | | | 1,065,017 | | Less: current portion | | | | | | | | (6,000) | | Total long-term debt | | | | | | | | $ | 1,059,017 | |
Long-term debt consisted of the following as of December 31, 2021 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Principal Amount | | Discount | | Debt Issuance Costs | | Net Balance | ABL facility | | $ | — | | | $ | — | | | $ | — | | | $ | — | | First Lien Term Loan | | 600,000 | | | (9,605) | | | (13,331) | | | 577,064 | | Senior Notes | | 500,000 | | | — | | | (11,164) | | | 488,836 | | | | $ | 1,100,000 | | | $ | (9,605) | | | $ | (24,495) | | | 1,065,900 | | Less: current portion | | | | | | | | (6,000) | | Total long-term debt | | | | | | | | $ | 1,059,900 | |
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Schedule of Long-term Debt Maturities |
Long-term debt matures as follows (in thousands): | | | | | | | | | Fiscal Year Ended December 31, | | Minimum Payments | 2022 | | $ | 3,000 | | 2023 | | 6,000 | | 2024 | | 6,000 | | 2025 | | 6,000 | | 2026 | | 6,000 | | Thereafter | | 1,070,000 | | Total | | $ | 1,097,000 | |
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Schedule of Estimated Fair Values of Debt Obligations |
The following table presents the estimated fair values of the Company’s debt obligations as of June 30, 2022 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | Financial Instrument | | Carrying Value as of June 30, 2022 | | Markets for Identical Item (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | First Lien Term Loan | | $ | 575,591 | | | $ | — | | | $ | 571,628 | | | $ | — | | Senior Notes | | 489,426 | | | — | | | 430,000 | | | — | | Total debt instruments | | $ | 1,065,017 | | | $ | — | | | $ | 1,001,628 | | | $ | — | |
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