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Debt (Tables)
6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Summary of Long-Term Debt and Related Weighted Average Interest Rates

A summary of long-term debt and the related weighted average interest rates is shown below:

 

 

 

June 30, 2021

(Dollars in Thousands)

 

Debt Instrument

 

Total

Debt

 

 

Debt

Issuance

Costs (1)

 

 

Total

Debt, Net

 

 

Weighted

Average

Interest

Rate

 

Term Loan Facility

 

$

349,200

 

 

$

(5,251

)

 

$

343,949

 

 

 

4.1

%

6.00% Senior Notes

 

 

258,224

 

 

 

(3,933

)

 

 

254,291

 

 

 

6.0

%

European CapEx Loans

 

 

22,212

 

 

 

 

 

 

22,212

 

 

 

2.3

%

Finance Leases

 

 

3,305

 

 

 

 

 

 

3,305

 

 

 

2.8

%

 

 

$

632,941

 

 

$

(9,184

)

 

 

623,757

 

 

 

 

 

Less: Current portion

 

 

 

 

 

 

 

 

 

 

(6,545

)

 

 

 

 

Long-term debt

 

 

 

 

 

 

 

 

 

$

617,212

 

 

 

 

 

 

 

 

 

December 31, 2020

(Dollars in Thousands)

 

Debt Instrument

 

Total

Debt

 

 

Debt

Issuance

Costs (1)

 

 

Total

Debt, Net

 

 

Weighted

Average

Interest

Rate

 

Term Loan Facility

 

$

349,200

 

 

$

(7,155

)

 

$

342,045

 

 

 

4.1

%

6.00% Senior Notes

 

 

266,928

 

 

 

(4,425

)

 

 

262,503

 

 

 

6.0

%

European CapEx Loans

 

 

23,668

 

 

 

 

 

 

23,668

 

 

 

2.3

%

Finance Leases

 

 

3,388

 

 

 

 

 

 

3,388

 

 

 

3.0

%

 

 

$

643,184

 

 

$

(11,580

)

 

 

631,604

 

 

 

 

 

Less: Current portion

 

 

 

 

 

 

 

 

 

 

(6,112

)

 

 

 

 

Long-term debt

 

 

 

 

 

 

 

 

 

$

625,492

 

 

 

 

 

 

 

(1)

Unamortized portion

Schedule of Debt Maturities

Debt maturities as of June 30, 2021, which are due in the next five years and thereafter, are as follows:

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

Debt Maturities

 

Amount

 

Six remaining months of 2021

 

$

3,374

 

2022

 

 

6,450

 

2023

 

 

6,031

 

2024

 

 

352,418

 

2025

 

 

260,563

 

Thereafter

 

 

4,105

 

Total debt liabilities

 

$

632,941