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Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Summary of Long-Term Debt, Net

Long-term debt, net, as of March 31, 2019 and December 31, 2018 consisted of the following:

 

 

 

March 31,

 

 

December 31,

 

 

 

2019

 

 

2018

 

 

 

(In thousands)

 

Term B-5 Loans (effective interest rate of 5.50% and 5.52% at

   March 31, 2019 and December 31, 2018, respectively)

 

$

1,519,513

 

 

$

1,523,389

 

Revolving credit facility (effective interest rate of 5.16% and

   5.17% at March 31, 2019 and December 31, 2018, respectively)

 

 

65,000

 

 

 

30,000

 

Total long-term debt

 

 

1,584,513

 

 

 

1,553,389

 

Less discounts

 

 

(6,100

)

 

 

(6,564

)

Less debt issuance costs

 

 

(6,206

)

 

 

(6,641

)

Less current maturities

 

 

(80,505

)

 

 

(45,505

)

Total long-term debt, net

 

$

1,491,702

 

 

$

1,494,679

 

Summary of Long-Term Debt Repayable

Long-term debt at March 31, 2019 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, 2019.

Years Ending December 31,

 

(In thousands)

 

Remainder of 2019

 

$

76,629

 

2020

 

 

15,505

 

2021

 

 

15,505

 

2022

 

 

15,505

 

2023

 

 

15,505

 

Thereafter

 

 

1,445,864

 

Total

 

$

1,584,513