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Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Summary of Long-Term Debt

Long-term debt as of June 30, 2017 and December 31, 2016 consisted of the following:

 

 

June 30,

 

 

December 31,

 

 

 

2017

 

 

2016

 

Term B-5 Loans (effective interest rate of 3.19% at June 30, 2017)

 

$

995,810

 

 

$

 

Term B-2 Loans (effective interest rate of 3.26% at June 30, 2017 and

December 31, 2016)

 

 

561,089

 

 

 

1,327,850

 

Term B-3 Loans (effective interest rate of 4.33% at December 31, 2016)

 

 

 

 

 

245,800

 

Revolving credit facility

 

 

40,000

 

 

 

24,351

 

Total long-term debt

 

 

1,596,899

 

 

 

1,598,001

 

Less discounts

 

 

(9,609

)

 

 

(5,517

)

Less debt issuance costs

 

 

(10,466

)

 

 

(9,702

)

Less current maturities

 

 

(63,707

)

 

 

(51,713

)

Total long-term debt, net

 

$

1,513,117

 

 

$

1,531,069

 

 

Subsequent to June 30, 2017, SEA repaid $40,000 on its revolving credit facility. 

Summary of Long-Term Debt Repayable

Long-term debt as of June 30, 2017 is repayable as follows. The outstanding balance under the New Revolving Credit Facility is included in current maturities of long-term debt in the accompanying unaudited condensed consolidated balance sheet as of June 30, 2017, due to the Company’s intent to repay the borrowings within the following twelve month period.

Years Ending December 31,

 

 

 

 

2017

 

$

51,853

 

2018

 

 

23,707

 

2019

 

 

23,707

 

2020

 

 

536,763

 

2021

 

 

9,983

 

Thereafter

 

 

950,886

 

Total

 

$

1,596,899