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Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of long-term debt
Long-term debt consisted of the following (in thousands):
 
 
September 30, 2017
 
December 31, 2016
Revolving credit facility due November 2020
$
75,500

 
$
99,000

Partnership’s revolving credit facility due March 2022
631,500

 

Partnership’s revolving credit facility due May 2018

 
509,500

 
 
 
 
Partnership’s term loan facility due May 2018

 
150,000

Less: Deferred financing costs, net of amortization

 
(353
)
 

 
149,647

 
 
 
 
Partnership’s 6% senior notes due April 2021
350,000

 
350,000

Less: Debt discount, net of amortization
(2,700
)
 
(3,213
)
Less: Deferred financing costs, net of amortization
(3,595
)
 
(4,366
)
 
343,705

 
342,421

 
 
 
 
Partnership’s 6% senior notes due October 2022
350,000

 
350,000

Less: Debt discount, net of amortization
(3,603
)
 
(4,076
)
Less: Deferred financing costs, net of amortization
(4,155
)
 
(4,768
)
 
342,242

 
341,156

Long-term debt
$
1,392,947

 
$
1,441,724

The Partnership must maintain the following consolidated financial ratios, as defined in the Partnership Credit Facility agreement:
EBITDA to Interest Expense
2.5 to 1.0
Senior Secured Debt to EBITDA
3.5 to 1.0
Total Debt to EBITDA
 
Through fiscal year 2017
5.95 to 1.0
Through fiscal year 2018
5.75 to 1.0
Through second quarter of 2019
5.50 to 1.0
Thereafter (1)
5.25 to 1.0
(1) 
Subject to a temporary increase to 5.5 to 1.0 for any quarter during which an acquisition meeting certain thresholds is completed and for the following two quarters after the quarter in which the acquisition closes.