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Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Summary of Long-Term Debt

Long-term debt as of September 30, 2018 and December 31, 2017 consisted of the following:

 

 

September 30,

 

 

December 31,

 

 

 

2018

 

 

2017

 

 

 

(In thousands)

 

Term B-5 Loans (effective interest rate of 5.24% and 4.69% at September 30, 2018 and December 31, 2017, respectively)

 

$

983,331

 

 

$

990,819

 

Term B-2 Loans (effective interest rate of 4.49% and 3.94% at September 30, 2018 and December 31, 2017, respectively)

 

 

543,935

 

 

 

554,227

 

Revolving credit facility (effective interest rate of 4.24% at December 31, 2017)

 

 

 

 

 

15,000

 

Total long-term debt

 

 

1,527,266

 

 

 

1,560,046

 

Less discounts

 

 

(7,331

)

 

 

(8,685

)

Less debt issuance costs

 

 

(6,939

)

 

 

(9,045

)

Less current maturities

 

 

(23,707

)

 

 

(38,707

)

Total long-term debt, net

 

$

1,489,289

 

 

$

1,503,609

 

 

Summary of Long-Term Debt Repayable

Long-term debt as of September 30, 2018 is repayable as follows, not including the impact of the Amended Credit Agreement or any future voluntary prepayments:

Years Ending December 31:

 

(In thousands)

 

2018

 

$

5,927

 

2019

 

 

23,707

 

2020

 

 

536,763

 

2021

 

 

9,983

 

2022

 

 

9,983

 

Thereafter

 

 

940,903

 

Total

 

$

1,527,266