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Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
Summary of Long-Term Debt

Long-term debt as of March 31, 2018 and December 31, 2017 consisted of the following:

 

 

 

March 31,

 

 

December 31,

 

 

 

2018

 

 

2017

 

Term B-5 Loans (effective interest rate of 5.30% and 4.69% at March 31, 2018 and December 31, 2017, respectively)

 

$

988,323

 

 

$

990,819

 

Term B-2 Loans (effective interest rate of 4.55% and 3.94% at March 31, 2018 and December 31, 2017, respectively)

 

 

550,796

 

 

 

554,227

 

Revolving credit facility (effective interest rate of 4.49% and 4.24% at March 31, 2018 and December 31, 2017, respectively)

 

 

55,000

 

 

 

15,000

 

Total long-term debt

 

 

1,594,119

 

 

 

1,560,046

 

Less discounts

 

 

(8,232

)

 

 

(8,685

)

Less debt issuance costs

 

 

(8,341

)

 

 

(9,045

)

Less current maturities

 

 

(78,707

)

 

 

(38,707

)

Total long-term debt, net

 

$

1,498,839

 

 

$

1,503,609

 

 

Summary of Long-Term Debt Repayable

Long-term debt at March 31, 2018 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 of long-term debt in the accompanying unaudited condensed consolidated balance sheet as of March 31, 2018, due to the Company’s intent to repay the borrowings within the next twelve months.

Years Ending December 31,

 

 

 

 

2018

 

$

72,780

 

2019

 

 

23,707

 

2020

 

 

536,763

 

2021

 

 

9,983

 

2022

 

 

9,983

 

Thereafter

 

 

940,903

 

Total

 

$

1,594,119