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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Summary of Long-Term Debt

Long-term debt as of December 31, 2015 and 2014 consisted of the following:

 

 

 

2015

 

 

2014

 

Term B-2 Loans (effective interest rate of 3.26% at

   December 31, 2015 and 2014, respectively)

 

$

1,338,387

 

 

$

1,352,438

 

Term B-3 Loans (effective interest rate of 4.33% at

   December 31, 2015)

 

 

247,900

 

 

 

 

Senior Notes (effective interest rate of 12.07% at

   December 31, 2014)

 

 

 

 

 

260,000

 

Revolving Credit Facility

 

 

15,000

 

 

 

 

Total long-term debt

 

 

1,601,287

 

 

 

1,612,438

 

Less discounts

 

 

(7,211

)

 

 

(8,985

)

Less debt issuance costs

 

 

(13,333

)

 

 

(20,003

)

Less current maturities

 

 

(31,850

)

 

 

(14,050

)

Total long-term debt, net

 

$

1,548,893

 

 

$

1,569,400

 

 

Summary of Long-Term Debt Repayable

Long-term debt at December 31, 2015, is repayable as follows and does not include the impact of any future prepayments.  The outstanding balance under the Revolving Credit Facility is included in current maturities on long-term debt on the accompanying consolidated balance sheet as of December 31, 2015, due to the Company’s intent to repay the borrowings within the next twelve months.

 

Years Ending December 31,

 

 

 

 

2016

 

$

31,850

 

2017

 

 

16,850

 

2018

 

 

16,850

 

2019

 

 

16,850

 

2020

 

 

1,518,887

 

Total

 

$

1,601,287