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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Summary of Long-Term Debt, Net

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

 

 

 

2018

 

 

2017

 

 

 

(In thousands)

 

Term B-5 Loans (effective interest rate of 5.52% and 4.69%

   at December 31, 2018 and 2017, respectively)

 

$

1,523,389

 

 

$

990,819

 

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

   December 31, 2017)

 

 

 

 

 

554,227

 

Revolving credit facility (effective interest rate of 5.17% and

   4.24% at December 31, 2018 and 2017, respectively)

 

 

30,000

 

 

 

15,000

 

Total long-term debt

 

 

1,553,389

 

 

 

1,560,046

 

Less discounts

 

 

(6,564

)

 

 

(8,685

)

Less debt issuance costs

 

 

(6,641

)

 

 

(9,045

)

Less current maturities

 

 

(45,505

)

 

 

(38,707

)

Total long-term debt, net

 

$

1,494,679

 

 

$

1,503,609

 

Summary of Long-Term Debt Repayable

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

 

Years Ending December 31,

 

(In thousands)

 

2019

 

$

45,505

 

2020

 

 

15,505

 

2021

 

 

15,505

 

2022

 

 

15,505

 

2023

 

 

15,505

 

Thereafter

 

 

1,445,864

 

Total

 

$

1,553,389