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Subsequent Events
9 Months Ended
Sep. 30, 2014
Subsequent Events [Abstract]  
Subsequent Events

(15)  Subsequent Events

 

On October 15, 2014, the Company redeemed the remaining $157,500 of its 9.5% senior secured notes at a price of 104.75% of the principal amount discharging the corresponding senior notes indenture. As a result of the redemption, the Company will recognize a loss on extinguishment of debt of approximately $9,700 in the fourth quarter of 2014, which includes a premium of $7,481 and the acceleration of the remaining deferred financing costs, original issue discount and de-designation date unrecognized gain on the interest rate swap. The senior secured notes were redeemed using funds from borrowing $100,000 under the Credit Facility as well as restricted cash.

 

On October 23, 2014, the Company terminated the interest rate swap resulting in a gain of approximately $371 in the fourth quarter of 2014.