Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2020

Long-term debt consists of the following:


	Interest			December 31,		December 31,
	Rate (1)			2020		2019
First Lien Term Loan		5.50	%		312,500		312,500
Senior Credit Facility		9.50	%		30,000		—
Unamortized discount					(1,988)		(1,770)
Unamortized deferred financing costs					(3,804)		(2,952)
Total long-term debt					336,708		307,778
Less current maturities					(8,027)		—
Long-term debt, net of current maturities					328,681		307,778

(1) The interest rate on the First Lien Term Loan was 5.5%, and 6.71% as of December 31, 2020, and December 31, 2019, respectively. The interest rate on the Senior Credit Facility, which was entered into on March 6, 2020, was 9.5% as of December 31, 2020.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details