XML 37 R26.htm IDEA: XBRL DOCUMENT v3.21.2
Subsequent Events
9 Months Ended
Sep. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events Subsequent EventsOn October 22, 2021, in order to increase the borrowing capacity under its existing Credit Agreement, dated November 13, 2019, the Company and the other parties thereto entered into Amendment No. 2 to the Credit Agreement (“Amendment No. 2”). Amendment No. 2, among other things, provides for (i) an increase in the amount of the revolving credit facility from $100.0 million to $150.0 million, (ii) a $350.0 million initial term loan facility, the proceeds of which were applied to refinancing existing indebtedness and (iii) a new $400.0 million delayed draw term loan facility. The maturity date of the Credit Agreement was extended to October 22, 2026. The interest rate and covenants remain unchanged. The Company is currently evaluating the terms of Amendment No. 2 to determine if it will be recorded as an extinguishment or modification for accounting purposes and the amount of loss, if any, that will be recorded during the three months ending December 31, 2021.