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Debt
3 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
Debt

Note 10. Debt

The following table presents debt balances as of March 31, 2018, and December 31, 2017.

 

     March 31,
2018
     December 31,
2017
 

$545.0 million Senior Secured Term Loan B (“Senior Secured Term Loan”) bearing interest at the greater of 0.75% or one-month LIBOR (1.88% at March 31, 2018), plus an applicable margin of 3.75% at March 31, 2018, expiring October 19, 2022

   $ 534,250      $ 534,250  

$300.0 million Incremental Term Loan (“Incremental Term Loan”) bearing interest at one-month LIBOR (1.88% at March 31, 2018), plus an applicable margin of 3.25% at March 31, 2018, expiring April 3, 2021

     288,000        291,000  

$143.0 million Senior Secured Revolver (“Senior Secured Revolver”) bearing interest at one-month LIBOR (1.88% at March 31, 2018) plus an applicable margin of 3.5% at March 31, 2018, expiring October 19, 2020

     —          —    

French Safeguard Obligations

     299        290  

Brazilian lines of credit and equipment notes

     207        257  

Chinese line of credit, bearing interest

     2,868        2,768  
  

 

 

    

 

 

 

Total

     825,624        828,565  

Less current maturities of long-term debt

     18,796        17,283  
  

 

 

    

 

 

 

Principal, net of current portion

     806,828        811,282  

Less unamortized debt issuance costs

     19,390        20,477  
  

 

 

    

 

 

 

Long-term debt, net of current portion

   $ 787,438      $ 790,805  
  

 

 

    

 

 

 

We capitalized interest costs amounting to $0.2 million and $0.4 million in the three-months ended March 31, 2018, and 2017, related to construction in progress.