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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS
On July 12, 2016, the Company issued and sold to certain accredited investors $100 million in aggregate principal amount of 3.69% senior notes due July 12, 2031. The Company used the proceeds from the sale of the notes to simultaneously repay $100 million of its $250 million term loan due March 31, 2021.
On July 28, 2016, the Company declared a distribution of $0.58 per Class A unit. This distribution, which is related to the second quarter of 2016, will be paid on August 12, 2016 to Class A unitholders of record at the close of business on August 8, 2016.