Quarterly report pursuant to Section 13 or 15(d)

LONG-TERM DEBT (Tables)

v3.8.0.1
LONG-TERM DEBT (Tables)
 9 Months Ended
Sep. 30, 2017
Long-Term Debt
Long-term debt consisted of the following:
 
 
 
As of December 31, 2016
 
As of September 30, 2017
 
 
 
(Dollars in thousands)
 
6.75% Senior Secured Notes
 
$
—
 
$
255,000
 
Less unamortized debt issuance costs based on imputed interest rate of 7.08%
 
 
—
 
 
(6,004)
 
6.75% Senior Secured Notes net carrying value
 
 
—
 
 
248,996
 
Asset-Based Revolving Credit Facility principal outstanding
 
 
—
 
 
6,629
 
Term Loan B principal amount
 
 
263,000
 
 
—
 
Less unamortized discount and debt issuance costs based on imputed interest rate of 4.78%
 
 
(2,371)
 
 
—
 
Term Loan B net carrying value
 
 
260,629
 
 
—
 
Revolver principal outstanding
 
 
477
 
 
—
 
Capital leases and other loans
 
 
568
 
 
491
 
Long-term debt and capital lease obligations less unamortized debt issuance costs
 
 
261,674
 
 
256,116
 
Less current portion
 
 
(590)
 
 
(6,741)
 
Long-term debt and capital lease obligations less unamortized debt issuance costs, net of current portion
 
$
261,084
 
$
249,375
 
Principle Repayment Requirements Under Long Term Agreements Outstanding
Principal repayment requirements under all long-term debt agreements outstanding at September 30, 2017 for each of the next five years and thereafter are as follows:
 
 
 
Amount
 
For the Twelve Months Ended September 30,
 
(Dollars in thousands)
 
2018
 
$
6,741
 
2019
 
 
108
 
2020
 
 
107
 
2021
 
 
121
 
2022
 
 
43
 
Thereafter
 
 
255,000
 
 
 
$
262,120
 
Term B Loan [Member]  
Repayments of Term Loan B
The following payments or prepayments of the Term Loan B were made during the year ended December 31, 2016 and through the date of the termination, including interest through the payment date as follows:
 
Date
 
Principal Paid
 
Unamortized Discount
 
 
 
(Dollars in Thousands)
 
May 19, 2017
 
$
258,000
 
$
550
 
February 28, 2017
 
 
3,000
 
 
6
 
January 30, 2017
 
 
2,000
 
 
5
 
December 30, 2016
 
 
5,000
 
 
12
 
November 30, 2016
 
 
1,000
 
 
3
 
September 30, 2016
 
 
1,500
 
 
4
 
September 30, 2016
 
 
750
 
 
—
 
June 30, 2016
 
 
441
 
 
1
 
June 30, 2016
 
 
750
 
 
—
 
March 31, 2016
 
 
750
 
 
—
 
March 17, 2016
 
 
809
 
 
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