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, 2014
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
Long-Term Debt

Long-term debt consisted of the following:

 

     As of December 31, 2013     As of September 30, 2014  
     (Dollars in thousands)  

Term Loan B

   $ 289,939      $ 282,856   

Revolver

     —          2,759   

Capital leases and other loans

     854        762   
  

 

 

   

 

 

 
     290,793        286,377   

Less current portion

     (3,121     (2,871
  

 

 

   

 

 

 
   $ 287,672      $ 283,506   
  

 

 

   

 

 

 
Principal Repayment Requirements Under Long-Term Agreements Outstanding

Principal repayment requirements under all long-term debt agreements outstanding at September 30, 2014 for each of the next five years and thereafter are as follows:

 

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

2015

   $ 2,871   

2016

     3,095   

2017

     3,098   

2018

     3,095   

2019

     3,091   

Thereafter

     271,127   
  

 

 

 
   $ 286,377   
  

 

 

 
Term Loan B
 
Repayments of Term Loan B

Information regarding repayments of our Term Loan B is as follows:

 

Date

   Principal Paid      Unamortized Discount  
     (Dollars in Thousands)  

September 29, 2014

   $ 5,000       $ 18   

March 31, 2014

     2,250         8   

December 30, 2013

     750         3   

September 30, 2013

     4,000         16   

June 28, 2013

     4,000         14   
Terminated 9 5/8% Senior Secured Second Lien Notes due 2016
 
Repayments of Term Loan B

Information regarding repurchases and redemptions of the Terminated 9 58% Notes is 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   
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