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SUBSEQUENT EVENT
9 Months Ended
Sep. 30, 2016
SUBSEQUENT EVENT  
SUBSEQUENT EVENT

18.SUBSEQUENT EVENT

 

Revolving Facility

 

On October 28, 2016 the Company closed on a new $125,000 Senior Secured Revolving Credit Facility (Revolving Facility).

 

See Item 5. Other Information of Part II of this Form 10-Q for information regarding the Revolving Facility.

 

The initial proceeds from the Revolving Facility were used to redeem the Company’s $30,000 of 14.50% Senior Subordinated Notes and the outstanding amounts under the Prior Credit Agreement of $40,531 at October 28, 2016 (see Note 9. Debt Obligations a for description of the Senior Subordinated Notes and the Prior Credit Agreement).

 

The termination of the Credit Agreement and Senior Subordinated Notes will result in a $1,000 write-off of unamortized debt issuance costs in the fourth quarter of 2016.