XML 27 R16.htm IDEA: XBRL DOCUMENT v3.20.4
Debt
3 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Debt DEBT
Total debt consisted of the following:
December 31, 2020September 30, 2020
Senior Secured Term Loan Facility, one-month LIBOR plus 2.00%
$933,700 $936,363 
Less: Unamortized debt issuance costs(14,216)(14,949)
Total debt919,484 921,414 
Less: Current maturities and short-term debt(10,650)(10,650)
Total long-term debt excluding current maturities$908,834 $910,764 
The Company’s credit agreement (“Amended Credit Agreement”) includes a Senior Secured Term Loan Facility ("Term Loan Facility") and a revolving credit facility (“Revolving Credit Facility”). As of December 31, 2020, there was no borrowings outstanding under the Revolving Credit Facility and our available credit was $200,000, which includes our letter of credit sub-facility.
At December 31, 2020 and September 30, 2020, the fair value of the Term Loan Facility, using level 2 inputs, approximated its carrying value as the loan bears a floating market rate of interest.
As of December 31, 2020, scheduled principal repayments of the Term Loan Facility were as follows:
Fiscal YearPrincipal Repayments
Remainder of 2021$7,987 
202210,650 
202310,650 
202410,650 
202510,650 
Greater than 5 years883,113 
Total$933,700