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Long-term Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The Revolving Credit Commitment is collateralized by a first priority lien on substantially all the assets of the Company, including a pledge of all equity securities of each of its subsidiaries. The interest rate of the Revolving Credit Commitment is based on, depending on the type of loan, the Eurodollar rate or the Alternative Based Rate, plus in each case, a margin based on Total Leverage Ratio (as defined in the JPMorgan Credit Agreement) as set forth in the pricing grid below, provided that under no circumstances will the LIBO Rate (as defined in the JPMorgan Credit Agreement) used in the determination of the Eurodollar rate be less than 0.00% or the Alternate Base Rate be less than 1.00%:
Total Net Leverage Ratio
 
Applicable Margin for Eurodollar Loans
 
Applicable Margin for Alternate Base Rate Loans
 
Commitment Fee on Unfunded Commitments
< 2.50x
 
200 bps
 
100 bps
 
25 bps
≥ 2.50x < 3.00x
 
225 bps
 
125 bps
 
30 bps
≥ 3.00x < 3.75x
 
250 bps
 
150 bps
 
35 bps
≥ 3.75x
 
300 bps
 
200 bps
 
40 bps