Debt Obligations

9 Months Ended

Sep. 30, 2020

The following table sets forth the Company's outstanding debt obligations as of September 30, 2020 and December 31, 2019 (in thousands):


	Maturity	Interest	Rate		September 30, 2020		December 31, 2019
Senior Term Loan, related party, net (1)	December 31, 2023	LIBOR +	9.0	%	$	504,128	$	609,407
ABL Facility	September 30, 2023	3-month LIBOR +	4.0	%	81,641		104,985
Total debt obligations					$	585,769	$	714,392

(1) Net of debt issuance costs of $0.5 million and $0.6 million, as of September 30, 2020 and December 31, 2019, respectively.

In accordance with its Senior Term Loan, the Company recorded Interest expense with related parties for the three months ended September 30, 2020 and 2019 of $4.2 million and $6.2 million, respectively, and for the nine months ended September 30, 2020 and 2019 of $13.9 million and $19.1 million, respectively. As of September 30, 2020, the Company was in compliance with its Senior Term Loan covenants and ABL Facility covenants. The Company also expects to be in compliance with these covenants for the next twelve months.

At September 30, 2020, the Company had borrowing capacity of $77.0 million under the ABL Facility.

Other Financing Obligations

The following table sets forth the components of the Company's total other financing obligations as of September 30, 2020 and December 31, 2019 (in thousands):


	September 30, 2020		December 31, 2019
Non-cash residual value of Tucker, Georgia lease	$	54,676	$	54,676
Future maturities associated with the Tucker, Georgia failed sale-leaseback liability	1,027		1,441
Total other financing obligations	$	55,703	$	56,117