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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Summary of Long-Term Debt

Long-term debt as of December 31, 2016 and 2015 consisted of the following:

 

 

 

2016

 

 

2015

 

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

   December 31, 2016 and 2015)

 

$

1,327,850

 

 

$

1,338,387

 

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

   December 31, 2016 and 2015)

 

 

245,800

 

 

 

247,900

 

Revolving Credit Facility

 

 

24,351

 

 

 

15,000

 

Total long-term debt

 

 

1,598,001

 

 

 

1,601,287

 

Less discounts

 

 

(5,517

)

 

 

(7,211

)

Less debt issuance costs

 

 

(9,702

)

 

 

(13,333

)

Less current maturities

 

 

(51,713

)

 

 

(31,850

)

Total long-term debt, net

 

$

1,531,069

 

 

$

1,548,893

 

 

Summary of Long-Term Debt Repayable

Long-term debt at December 31, 2016, is repayable as follows and does not include the impact of any future voluntary 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, 2016, due to the Company’s intent to repay the borrowings within the next twelve months.

 

Years Ending December 31,

 

 

 

 

2017

 

$

51,713

 

2018

 

 

16,850

 

2019

 

 

16,850

 

2020

 

 

1,512,588

 

Total

 

$

1,598,001