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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Summary of Long-Term Debt

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

 

 

 

 

2017

 

 

2016

 

Term B-5 Loans (effective interest rate of 4.69% at

   December 31, 2017)

 

$

990,819

 

 

$

 

Term B-2 Loans (effective interest rate of 3.94% and 3.26% at

   December 31, 2017 and 2016, respectively)

 

 

554,227

 

 

 

1,327,850

 

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

   December 31, 2016)

 

 

 

 

 

245,800

 

Revolving credit facility (effective interest rate of 4.24% and

   3.46% at December 31, 2017 and 2016, respectively)

 

 

15,000

 

 

 

24,351

 

Total long-term debt

 

 

1,560,046

 

 

 

1,598,001

 

Less discounts

 

 

(8,685

)

 

 

(5,517

)

Less debt issuance costs

 

 

(9,045

)

 

 

(9,702

)

Less current maturities

 

 

(38,707

)

 

 

(51,713

)

Total long-term debt, net

 

$

1,503,609

 

 

$

1,531,069

 

 

Summary of Long-Term Debt Repayable

Long-term debt at December 31, 2017, is repayable as follows and does not include the impact of any future voluntary prepayments.  The outstanding balance under the New Revolving Credit Facility is included in current maturities on long-term debt in the accompanying consolidated balance sheet as of December 31, 2017, due to the Company’s intent to repay the borrowings within the next twelve months:

 

 

Years Ending December 31,

 

 

 

 

2018

 

$

38,707

 

2019

 

 

23,707

 

2020

 

 

536,763

 

2021

 

 

9,983

 

2022

 

 

9,983

 

Thereafter

 

 

940,903

 

Total

 

$

1,560,046