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Indebtedness (Tables)
3 Months Ended
Apr. 03, 2015
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Indebtedness consisted of the following:
 
April 3,
2015
 
December 31,
2014
 
(in thousands)
Senior Secured Notes (9.50%)
$
375,000

 
$
375,000

Senior Unsecured Loan Facility (12.25%)
124,408

 
124,233

ABL Credit Facility
59,826

 
35,619

Dutch Revolving Credit Facility
14,163

 
3,532

French Credit Facility
1,023

 
1,131

Total debt
574,420

 
539,515

Less: current portion
450,012

 
4,663

Total long term debt
$
124,408

 
$
534,852

Schedule of Redemption Rates on Senior Secured Notes
The Notes may be redeemed at the option of Euramax International, 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 International 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
%