Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE AND LONG-TERM DEBT (Tables)

v2.4.0.8
NOTES PAYABLE AND LONG-TERM DEBT (Tables)
 9 Months Ended
Sep. 30, 2013
Change in Rate Based on Leverage Ratio

Details of the change in our rate based on our leverage ratio were as follows:

 

Consolidated Leverage Ratio

    Base Rate     Eurodollar
Rate Loans		     Applicable Fee
Rate		  

Less than 3.25 to 1.00

      0.75 %      2.25 %      0.40 % 

Greater than or equal to 3.25 to 1.00 but less than 4.50 to 1.00

      0.75 %      2.50 %      0.50 % 

Greater than or equal to 4.50 to 1.00 but less than 6.00 to 1.00

      1.25 %      3.00 %      0.60 % 

Greater than or equal to 6.00 to 1.00

      2.25 %      3.50 %      0.75 % 
Repurchased and Redemptions of Nine and Five Eighths Percent Notes

Information regarding repurchases and redemptions of the Terminated 9 5⁄8% Notes are as follows:

 

Date

    Principal
Redeemed/Repurchased		      Premium
Paid		      Unamortized
Discount		      Bond Issue
Costs		  
     (Dollars in thousands)  

June 3, 2013

    $ 903       $ 27       $ 3       $ —     

March 14, 2013

      212,597         22,650         837         2,867   

December 12, 2012

      4,000         120         17         57   

June 1, 2012

      17,500         525         80         287   

December 12, 2011

      12,500         375         62         337   

September 6, 2011

      5,000         144         26         135   

June 1, 2011

      17,500         525         93         472   

December 1, 2010

      12,500         375         70         334   

June 1, 2010

      17,500         525         105         417   
Long-Term Debt

Long-term debt consisted of the following:

 

     As of December 31, 2012     As of September 30, 2013  
     (Dollars in thousands)  

Term Loan B

    $ —        $ 290,640   

Revolver

      —          2,460   

Terminated Revolver

      33,000        —     

Terminated 9 5⁄8% senior secured second lien notes due 2016

      212,622        —     

Terminated Subordinated debt

      7,500        —     

Terminated Subordinated Debt due to Related Parties

      15,000        —     

Capital leases and other loans

      858        862   
  

 

 

    

 

 

  
     268,980        293,962   

Less current portion

      (20,108 )      (3,118 ) 
  

 

 

    

 

 

  
   $ 248,872      $ 290,844   
  

 

 

    

 

 

  
Principle Repayment Requirements Under Long Term Agreements Outstanding

Principal repayment requirements under all long-term debt agreements outstanding at September 30, 2013 for each of the next five years and thereafter are as follows:

 

     Amount  
For the Twelve Months Ended September 30,    (Dollars in thousands)  

2014

    $ 3,118   

2015

      3,108   

2016

      3,091   

2017

      3,094   

2018

      5,551   

Thereafter

      276,000   
  

 

 

  
   $ 293,962   
  

 

 

  
Term Loan B and Revolving Credit Facility
  
Change in Rate Based on Leverage Ratio
          Revolver Pricing  

Pricing Level

   

Consolidated Leverage Ratio

    Base Rate Loans     LIBOR Loans  

1

    Less than 3.00 to 1.00      1.250 %      2.250 % 

2

    Greater than or equal to 3.00 to 1.00 but less than 4.00 to 1.00      1.500 %      2.500 % 

3

    Greater than or equal to 4.00 to 1.00 but less than 5.00 to 1.00      1.750 %      2.750 % 

4

    Greater than or equal to 5.00 to 1.00 but less than 6.00 to 1.00      2.000 %      3.000 % 

5

    Greater than or equal to 6.00 to 1.00      2.500 %      3.500 %