Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2014

Long-term Debt, Unclassified [Abstract]

Long-term debt

As of March 31, 2014 and December 31, 2013, the Company’s long-term debt consisted of the following (in thousands):

	March 31, 2014			December 31, 2013
Credit Agreement:
Term Loan B, maturing October 18, 2019, net of unamortized discount of $6,271 and $6,508 as of March 31, 2014 and December 31, 2013, respectively	$	662,054		$	663,492
Term Loan C, maturing October 18, 2018, net of unamortized discount of $687 and $735 as of March 31, 2014 and December 31, 2013, respectively	151,406			154,265
11.5% Senior Notes due 2018	325,000			325,000
Revolving Credit Facility	27,000			27,000
Total debt	1,165,460			1,169,757
Less: current portion of long-term debt	(47,263		)	(45,325		)
Total long-term debt	$	1,118,197		$	1,124,432

Applicable Rate for Term Loans

The Applicable Rate component of the interest rate under the Company's Credit Agreement is based on the Company's consolidated leverage ratio as follows:

	Applicable Rates
	Eurodollar Rate for Revolving Credit Facility and Letter of Credit Fees	Base Rate for Revolving Credit Facility	Term Loan B		Term Loan C
Consolidated Leverage Ratio			Eurodollar Rate	Base Rate	Eurodollar Rate	Base Rate
> 4.0:1	4.50%	3.50%	5.25%	4.25%	4.50%	3.50%
< 4.0:1	4.25%	3.25%	5.25%	4.25%	4.50%	3.50%

Gentiva's permitted maximum consolidated leverage ratio

Gentiva’s permitted maximum consolidated leverage ratio is set forth in the following table:

Four Quarters Ending	Maximum Consolidated Leverage Ratio
March 31, 2014 to March 31, 2015	≤ 6.75:1
June 30, 2015 to March 31, 2016	≤ 6.50:1
June 30, 2016 to March 31, 2017	≤ 6.25:1
June 30, 2017 to December 31, 2017	≤ 6.00:1
March 31, 2018 and each fiscal quarter thereafter	≤ 5.75:1

Senior Notes at redemption prices set forth below plus accrued and unpaid interest and Additional Interest

On or after September 1, 2014, Gentiva may redeem all or part of the Senior Notes at redemption prices set forth below plus accrued and unpaid interest and Additional Interest, if any, as defined in the indenture relating to the Senior Notes during the twelve month period beginning on September 1 of the years indicated below:

Year	Redemption Percentage
2014	105.750%
2015	102.875%
2016 and thereafter	100.000%