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Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Summary of Long-Term Debt

Long-term debt at March 31, 2017 and December 31, 2016 consisted of the following:

 

     March 31,
2017
     December 31,
2016
 
$545.0 million Senior Secured Term Loan B (“Senior Secured Term Loan”) bearing interest at the greater of 0.75% or 1 month LIBOR (0.98% at March 31, 2017) plus an applicable margin of 4.25% at March 31, 2017, expiring October 19, 2022, net of debt issuance costs of $18.2 million at March 31, 2017 and $19.0 million at December 31, 2016.    $ 523,884      $ 524,539  
$143.0 million Senior Secured Revolver (“Senior Secured Revolver”) bearing interest at LIBOR (0.98% at March 31, 2017) plus an applicable margin of 3.50% at March 31, 2017, expiring October 19, 2020, net of debt issuance costs of $2.5 million at March 31, 2017 and $2.7 million at December 31, 2016.      38,021        25,298  
$250.0 million Senior Notes (“Senior Notes”)bearing interest at 10.25%, maturing on November 1, 2020, net of debt issuance costs of $4.7 million at March 31, 2017 and $4.9 million at December 31, 2016.      245,340        245,077  

French Safeguard Obligations (Autocam)

     363        358  

Brazilian lines of credit and equipment notes (Autocam)

     489        573  

Chinese line of credit (Autocam)

     2,106        2,619  
  

 

 

    

 

 

 

Total debt

     810,203        798,464  

Less current maturities of long-term debt

     10,753        12,751  
  

 

 

    

 

 

 

Long-term debt, excluding current maturities of long-term debt

   $ 799,450      $ 785,713