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

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

 

 

2019

 

 

2018

 

 

 

(In thousands)

 

Term B-5 Loans (effective interest rate of 4.80% and 5.52%

   at December 31, 2019 and 2018, respectively)

 

$

1,507,883

 

 

$

1,523,389

 

Revolving credit facility (effective interest rate of 4.35% and

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

 

 

50,000

 

 

 

30,000

 

Total long-term debt

 

 

1,557,883

 

 

 

1,553,389

 

Less discounts

 

 

(4,793

)

 

 

(6,564

)

Less debt issuance costs

 

 

(4,966

)

 

 

(6,641

)

Less current maturities, including revolving credit facility

 

 

(65,505

)

 

 

(45,505

)

Total long-term debt, net

 

$

1,482,619

 

 

$

1,494,679

 

Summary of Long-Term Debt Repayable

Long-term debt at December 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 below based on the Company’s intent to repay the borrowings within the next twelve months:

 

Years Ending December 31,

 

(In thousands)

 

2020

 

$

65,505

 

2021

 

 

15,505

 

2022

 

 

15,505

 

2023

 

 

15,505

 

2024

 

 

1,445,863

 

Total

 

$

1,557,883