The components of the Company’s debt obligations as of September 30, 2016 and December 31, 2015 are as follows: | | | | | | | | | | | | | | | December 31, 2015 | Borrowings | Repayment/Amortization | September 30, 2016 | | (In thousands) | Term loan facility | $ | — |
| $ | 200,000 |
| $ | (5,000 | ) | $ | 195,000 |
| Revolving credit facility | — |
| 55,000 |
| (20,000 | ) | 35,000 |
| Total debt under the facilities(1) | — |
| 255,000 |
| (25,000 | ) | 230,000 |
| Less: Deferred issuance cost | — |
| (7,949 | ) | 1,193 |
| (6,756 | ) | Total Debt, net of deferred issuance cost | $ | — |
| $ | 247,051 |
| $ | (23,807 | ) | 223,244 |
| Long term debt, current portion, net of deferred issuance cost | | | | 8,410 |
| Long term debt, net of deferred issuance cost | | | | $ | 214,834 |
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(1) The fair value of total debt under the facilities approximates the book value as of September 30, 2016. |