Long-Term Debt, Net of Deferred Financing Costs |
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Net of Deferred Financing Costs | LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS At March 31, 2020, and December 31, 2019, our long-term debt consisted of (1) $400 million of non-amortizing term loans, and (2) $225 million of senior, unsecured, fixed rate notes. At March 31, 2020 and December 31, 2019, the outstanding borrowings under the revolving credit facility were $178 million and $52 million, respectively, and there were no outstanding letters of credit. The following table presents the Term Loan balances as of March 31, 2020 and December 31, 2019.
The following table presents the senior unsecured fixed rate notes balance as of March 31, 2020 and December 31, 2019.
At March 31, 2020, and December 31, 2019, net unamortized deferred financing costs were approximately $6.5 million and $7.1 million, respectively. During the three months ended March 31, 2020 and 2019, amortization of deferred financing costs was $512 thousand and $513 thousand, respectively. The weighted average interest rate on the term loans before consideration of the interest rate hedge described below was 2.30% and 3.01% at March 31, 2020 and December 31, 2019, respectively. The Company was in compliance with all debt covenants at March 31, 2020.
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