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Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Schedule of long-term debt
Long-term debt consisted of the following (in thousands):
 
June 30, 2018
 
December 31, 2017
Credit Facility
$

 
$
56,000

Partnership Credit Facility
770,500

 
674,306

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

 
350,000

Less: Debt discount, net of amortization
(2,162
)
 
(2,523
)
Less: Deferred financing costs, net of amortization
(2,825
)
 
(3,338
)
 
345,013

 
344,139

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

 
350,000

Less: Debt discount, net of amortization
(3,108
)
 
(3,441
)
Less: Deferred financing costs, net of amortization
(3,542
)
 
(3,951
)
 
343,350

 
342,608

Long-term debt
$
1,458,863

 
$
1,417,053

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 2018
5.95 to 1.0
Through fiscal year 2019
5.75 to 1.0
Through second quarter of 2020
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.