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Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Summary of Long-Term Debt

Long-term debt as of June 30, 2020 and December 31, 2019 consisted of the following:

 

 

June 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

(In thousands)

 

Term B-5 Loans (effective interest rate of 3.75% and 4.80% at

   June 30, 2020 and December 31, 2019, respectively)

 

$

1,500,131

 

 

$

1,507,883

 

Revolving Credit Facility (effective interest rate of 3.50% and

   4.35% at June 30, 2020 and December 31, 2019, respectively)

 

 

311,000

 

 

 

50,000

 

Senior Notes (effective interest rate of 8.75% at June 30, 2020)

 

 

227,500

 

 

 

 

Total long-term debt

 

 

2,038,631

 

 

 

1,557,883

 

Less: discounts and debt issuance costs

 

 

(16,544

)

 

 

(9,759

)

Less: current maturities

 

 

(15,505

)

 

 

(65,505

)

Total long-term debt, net

 

$

2,006,582

 

 

$

1,482,619

 

 

Summary of Long-Term Debt Repayable

Long-term debt at June 30, 2020 is repayable as follows and does not include the impact of any future voluntary prepayments or the impact of the Second-Priority Senior Notes:

 

Years Ending December 31:

 

(In thousands)

 

Remainder of 2020

 

$

7,753

 

2021

 

 

15,505

 

2022

 

 

15,505

 

2023

 

 

326,505

 

2024

 

 

1,445,863

 

Thereafter

 

 

227,500

 

Total

 

$

2,038,631