Annual report pursuant to Section 13 and 15(d)

Long-term Debt (Tables)

v3.20.4
Long-term Debt (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The summary of long-term debt is as follows:
December 31,
2020 2019
Senior Secured Term Loan Facility due February 2027 $ 671,710  $ 947,497 
New Senior Secured Term Loan Facility due February 2027 459,653  — 
6.75% Senior Secured Notes due 2022 —  625,000 
5.75% Senior Unsecured Notes due 2025 295,000 295,000 
ABL Facility —  — 
Total debt 1,426,363  1,867,497 
Original issue discount (15,641) (13,434)
Deferred financing costs (10,353) (10,839)
Total debt, net of original issue discount and deferred financing costs 1,400,369  1,843,224 
Less: current portion —  — 
Total long-term debt, excluding current portion $ 1,400,369  $ 1,843,224 
Debt Instrument Redemption
The 6.75% Senior Secured Notes were redeemable, in whole or in part, at the redemption prices (expressed as percentages of principal amount of the 6.75% Senior Secured Notes to be redeemed) set forth below, plus accrued and unpaid interest, if any, to, but not including, the redemption date, if redeemed on or after any of the dates below until the subsequent date below:
Year Percentage
May 15, 2020 101.688%
May 15, 2021 and thereafter 100.000%
On or after December 15, 2020, the 5.75% Senior Unsecured Notes are redeemable, in whole or in part, at the redemption prices (expressed as percentages of principal amount of the 5.75% Senior Unsecured Notes to be redeemed) set forth below, plus accrued and unpaid interest, if any, to, but not including, the redemption date, if redeemed on or after any of the dates below until the subsequent date below:
Year Percentage
December 15, 2020 102.875%
December 15, 2021 101.438%
December 15, 2022 and thereafter 100.000%
Fiscal Year Maturity Schedule
The aggregate long-term debt maturities are:
Year Amount
2021 $ — 
2022 — 
2023 — 
2024 — 
2025 295,000 
Thereafter 1,131,363 
$ 1,426,363