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Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Summary of Long-Term Debt, Net

Long-term debt, net, as of March 31, 2021 and December 31, 2020 consisted of the following:

 

 

 

March 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

 

(In thousands)

 

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

   March 31, 2021 and December 31, 2020)

 

$

1,488,502

 

 

$

1,492,378

 

Second-Priority Senior Notes (interest rate of 9.50%)

 

 

500,000

 

 

 

500,000

 

Senior Notes (interest rate of 8.75%)

 

 

227,500

 

 

 

227,500

 

Total long-term debt

 

 

2,216,002

 

 

 

2,219,878

 

    Less: unamortized discounts and debt issuance costs

 

 

(25,519

)

 

 

(27,236

)

    Less: current maturities

 

 

(15,505

)

 

 

(15,505

)

Total long-term debt, net

 

$

2,174,978

 

 

$

2,177,137

 

Summary of Long-Term Debt Repayable

Long-term debt at March 31, 2021 is repayable as follows and does not include the impact of any future voluntary prepayments:

 

Years Ending December 31,

 

(In thousands)

 

Remainder of 2021

 

$

11,629

 

2022

 

 

15,505

 

2023

 

 

15,505

 

2024

 

 

1,445,863

 

2025

 

 

727,500

 

Total

 

$

2,216,002