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Debt (Tables)
6 Months Ended
Jun. 30, 2022
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, 2022

 

Debt Instrument

 

Total

Debt

 

 

Debt

Issuance

Costs (1)

 

 

Total

Debt, Net

 

 

Weighted

Average

Interest

Rate

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term Loan Facility

 

$

349,200

 

 

$

(3,439

)

 

$

345,761

 

 

 

5.7

%

6.00% Senior Notes

 

 

226,644

 

 

 

(2,950

)

 

 

223,694

 

 

 

6.0

%

European CapEx loans

 

 

14,794

 

 

 

 

 

 

14,794

 

 

 

2.3

%

Finance leases

 

 

2,269

 

 

 

 

 

 

2,269

 

 

 

2.9

%

 

 

$

592,907

 

 

$

(6,389

)

 

 

586,518

 

 

 

 

 

Less: Current portion

 

 

 

 

 

 

 

 

 

 

(5,556

)

 

 

 

 

Long-term debt

 

 

 

 

 

 

 

 

 

$

580,962

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

Debt Instrument

 

Total

Debt

 

 

Debt

Issuance

Costs (1)

 

 

Total

Debt, Net

 

 

Weighted

Average

Interest

Rate

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term Loan Facility

 

$

349,200

 

 

$

(4,338

)

 

$

344,862

 

 

 

4.1

%

6.00% Senior Notes

 

 

245,809

 

 

 

(3,441

)

 

 

242,368

 

 

 

6.0

%

European CapEx loans

 

 

18,595

 

 

 

 

 

 

18,595

 

 

 

2.3

%

Finance leases

 

 

2,611

 

 

 

 

 

 

2,611

 

 

 

2.8

%

 

 

$

616,215

 

 

$

(7,779

)

 

 

608,436

 

 

 

 

 

Less: Current portion

 

 

 

 

 

 

 

 

 

 

(6,081

)

 

 

 

 

Long-term debt

 

 

 

 

 

 

 

 

 

$

602,355

 

 

 

 

 

 

 

(1)

Unamortized portion

Schedule of Debt Maturities

Debt maturities as of June 30, 2022, which are due in the next five years and thereafter, are as follows:

 

 

 

 

 

 

 

 

 

 

 

Debt Maturities

 

Amount

 

(Dollars in thousands)

 

 

 

 

Six remaining months of 2022

 

$

3,206

 

2023

 

 

5,372

 

2024

 

 

352,099

 

2025

 

 

228,722

 

2026

 

 

1,970

 

Thereafter

 

 

1,538

 

Total debt liabilities

 

$

592,907