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Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Summary of Long-Term Debt, Net

Long-term debt, net, as of March 31, 2020 and December 31, 2019 consisted of the following:

 

 

 

March 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

(In thousands)

 

Term B-5 Loans (effective interest rate of 3.99% and 4.80% at

   March 31, 2020 and December 31, 2019, respectively)

 

$

1,504,007

 

 

$

1,507,883

 

Revolving Credit Facility (effective interest rate of 3.72% and

   4.35% at March 31, 2020 and December 31, 2019, respectively)

 

 

312,500

 

 

 

50,000

 

Total long-term debt

 

 

1,816,507

 

 

 

1,557,883

 

Less discounts and debt issuance costs

 

 

(10,111

)

 

 

(9,759

)

Less current maturities

 

 

(15,505

)

 

 

(65,505

)

Total long-term debt, net

 

$

1,790,891

 

 

$

1,482,619

 

Summary of Long-Term Debt Repayable

Long-term debt at March 31, 2020 is repayable as follows and does not include the impact of the Senior Notes which were issued subsequent to March 31, 2020, or the impact of any future voluntary prepayments. The outstanding balance under the Revolving Credit Facility is included below based on the Company’s current intent to repay the borrowings and is subject to change:

 

Years Ending December 31,

 

(In thousands)

 

Remainder of 2020

 

$

11,629

 

2021

 

 

328,005

 

2022

 

 

15,505

 

2023

 

 

15,505

 

Thereafter

 

 

1,445,863

 

Total

 

$

1,816,507