LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2019

Long-term debt consisted of the following (in thousands):



	December 31, 2019						December 31, 2018
	Carrying Value⁽¹⁾			Fair Value			Carrying Value⁽¹⁾			Fair Value
ABL Revolver	$	—		—			$	—		—
Term Loan B	244,375			244,375			246,875			245,949
Promissory note payable⁽²⁾	—			—			1,841			1,841
Total Debt	244,375			244,375			248,716			247,790
Less: Current maturities	(2,500		)	(2,500		)	(3,407		)	(3,398		)
Total Long-term Debt	$	241,875		$	241,875		$	245,309		$	244,392

⁽¹⁾Carrying value amount do not include unamortized debt issuance costs of $6.5 million and $8.3 million for year ended December 31, 2019 and December 31, 2018 respectively.

⁽²⁾Note payable in monthly installments at 2.9% through January 2021, collateralized by equipment. In August 2019, the Company

made a cash payment of $1.3 million to repay the remaining balance of the outstanding promissory note payable.

Schedule of Interest Rate on Borrowings Outstanding

The interest rates on our borrowings outstanding at December 31, 2019 and 2018, including the amortization of debt issuance costs, were as follows:



	December 31,
	2019		2018
ABL Revolver	3.5	%	4.0	%
Term Loan B	6.5	%	7.3	%
Promissory Note	—	%	2.9	%
Weighted average interest rate	6.5	%	7.2	%

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details