XML 33 R21.htm IDEA: XBRL DOCUMENT v3.21.2
LONG-TERM DEBT (Tables)
6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Outstanding Long-term debt outstanding for the Company as of June 30, 2021 and December 31, 2020 consisted of the following:
(In thousands)June 30, 2021December 31, 2020
Term Loan Facility due 2026$2,069,752 $2,080,259 
Incremental Term Loan Facility due 2026445,500 447,750 
Asset-based Revolving Credit Facility due 2023(1)
— — 
6.375% Senior Secured Notes due 2026
800,000 800,000 
5.25% Senior Secured Notes due 2027
750,000 750,000 
4.75% Senior Secured Notes due 2028
500,000 500,000 
Other secured subsidiary debt(2)
21,405 22,753 
Total consolidated secured debt4,586,657 4,600,762 
8.375% Senior Unsecured Notes due 2027
1,450,000 1,450,000 
Other unsecured subsidiary debt273 6,782 
Original issue discount(17,216)(18,817)
Long-term debt fees(20,334)(21,797)
Total debt5,999,380 6,016,930 
Less: Current portion278,342 34,775 
Total long-term debt$5,721,038 $5,982,155 
(1)As of June 30, 2021, the senior secured asset-based revolving credit facility (the “ABL Facility”) had a borrowing base of $437.8 million, no outstanding borrowings and $32.8 million of outstanding letters of credit, resulting in $405.0 million of borrowing base availability. As a result of certain restrictions in the Company's debt and preferred stock agreements, as of June 30, 2021, approximately $185 million was available to be drawn upon under the ABL Facility.
(2)Other secured subsidiary debt consists of finance lease obligations maturing at various dates from 2022 through 2045.