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DEBT (Tables)
12 Months Ended
Dec. 31, 2021
DEBT  
Schedule of debt

As of December 31, 2021 and 2020, the Company’s debt consisted of the following (in thousands):

    

December 31, 2021

  

December 31, 2020

Term loan credit facility(1)

$

181,565

$

Senior revolving credit facility

158,000

Paycheck Protection Program loan

85

2,209

Total debt, net

181,650

160,209

Current portion of Paycheck Protection Program loan

85

1,720

Total long-term debt, net

$

181,565

$

158,489

(1)Amount is net of $14.2 million unamortized debt issuance costs at December 31, 2021. Amount also excludes $4.2 million allocated to the change of control call option embedded derivative. Refer to “Term Loan Credit Facility” below for further details.
Schedule of prepayment premiums

Period

Premium

Months 0 - 12

Make-whole amount equal to 12 months of interest plus 2.00%

Months 13 - 24

2.00%

Months 25 - 36

1.00%

Months 37 - 48

0.00%

Schedule of aggregate maturities required on long-term debt

Aggregate maturities required on debt at December 31, 2021 due in future years are as follows (in thousands):

2022

    

$

85

2023

35,000

2024

50,000

2025

115,000

2026

Thereafter

Total

$

200,085