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Indebtedness (Tables)
3 Months Ended
Mar. 29, 2013
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Indebtedness consisted of the following:
 
March 29,
2013
 
December 31,
2012
 
(in thousands)
Senior Secured Notes (9.50%)
$
375,000

 
$
375,000

Senior Unsecured Loan Facility (12.25%)
123,323

 
123,188

ABL Credit Facility
26,288

 
18,486

Dutch Revolving Credit Facility
11,510

 

Total debt
536,121

 
516,674

Less: current portion
11,510

 

Total long term debt
$
524,611

 
$
516,674

Schedule of Redemption Rates on Senior Secured Notes
The Notes may be redeemed at the option of Euramax, in whole or in part, under the conditions specified in the Indenture, at the following redemption prices plus accrued and unpaid interest to the redemption date if redeemed during the twelve-month period beginning on April 1 of the years indicated:
Year
Percentage
2013
107.125
%
2014
104.750
%
2015 and thereafter
100.000
%
Prepayment Rates on Senior Unsecured Loan Facility
Euramax may prepay outstanding amounts under the Senior Unsecured Loan Facility, in whole or in part, at the prices (expressed as percentages of the loans) set forth below:

Prepayment Date

Percentage
On or after the second anniversary of the closing but prior to the third anniversary thereof
103
%
On or after the third anniversary of the closing but prior to the fourth anniversary thereof
102
%
On or after the fourth anniversary of the closing
100
%