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Subsequent Events | 12 Months Ended
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Dec. 31, 2020
Subsequent Events |
Subsequent Events | 29. Subsequent Events February 2021 Disposition On February 10, 2021, we completed the sale of certain contract operations customer service agreements and approximately 300 compressors, comprising approximately 40,000 horsepower, used to provide compression services under those agreements as well as other assets used to support the operations. We allocated customer-related and contract-based intangible assets based on a ratio of the horsepower sold relative to the total horsepower of the asset group. A gain on the sale of approximately $6.0 million will be recognized in the first quarter of 2021. Amendment No. 3 to Credit Facility On February 22, 2021, we amended our credit facility to, among other things:
| ● | reduce the aggregate revolving commitment from $1.25 billion to $750.0 million, and
| ● | increase the maximum Total Debt to EBITDA ratios and reduce the maximum Senior Secured Debt to EBITDA ratio, as defined in the credit facility agreement, to the following:
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​ | ​ | ​
Senior Secured Debt to EBITDA |  | 3.00 to 1.0
Total Debt to EBITDA |  |
Through fiscal year 2022 |  | 5.75 to 1.0
January 1, 2023 through September 30, 2023 |  | 5.50 to 1.0
Thereafter (1) | ​ | 5.25 to 1.0
(1) | Subject to a temporary increase to 5.50 to 1.0 for any quarter during which an acquisition satisfying certain thresholds is completed and for the two quarters immediately following such quarter.
We incurred approximately $1.8 million in transaction costs related to Amendment No. 3 during the first quarter of 2021. ​ ​

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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