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Debt Obligations | 9 Months Ended
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Sep. 30, 2020
Debt Disclosure [Abstract] |
Debt Obligations | Debt Obligations The following table sets forth the Company's outstanding debt obligations as of September 30, 2020 and December 31, 2019 (in thousands):
| Maturity |  | Interest |  | Rate |  | September 30, 2020 |  | December 31, 2019
Senior Term Loan, related party, net (1) | December 31, 2023 |  | LIBOR + |  | 9.0 | % |  | $ | 504,128 |  |  | $ | 609,407 |
ABL Facility | September 30, 2023 |  | 3-month LIBOR + |  | 4.0 | % |  | 81,641 |  |  | 104,985 |
Total debt obligations |  |  |  |  |  |  | $ | 585,769 |  |  | $ | 714,392 |
(1) Net of debt issuance costs of $0.5 million and $0.6 million, as of September 30, 2020 and December 31, 2019, respectively. In accordance with its Senior Term Loan, the Company recorded Interest expense with related parties for the three months ended September 30, 2020 and 2019 of $4.2 million and $6.2 million, respectively, and for the nine months ended September 30, 2020 and 2019 of $13.9 million and $19.1 million, respectively. As of September 30, 2020, the Company was in compliance with its Senior Term Loan covenants and ABL Facility covenants. The Company also expects to be in compliance with these covenants for the next twelve months. At September 30, 2020, the Company had borrowing capacity of $77.0 million under the ABL Facility. Other Financing Obligations The following table sets forth the components of the Company's total other financing obligations as of September 30, 2020 and December 31, 2019 (in thousands):
| September 30, 2020 |  | December 31, 2019
Non-cash residual value of Tucker, Georgia lease | $ | 54,676 |  |  | $ | 54,676 |
Future maturities associated with the Tucker, Georgia failed sale-leaseback liability | 1,027 |  |  | 1,441 |
Total other financing obligations | $ | 55,703 |  |  | $ | 56,117 |

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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