XML 41 R30.htm IDEA: XBRL DOCUMENT v3.21.2
Debt Obligations (Tables)
6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table sets forth the Company's outstanding debt obligations as of June 30, 2021 and December 31, 2020 (in thousands):
MaturityInterest RateJune 30, 2021December 31, 2020
New Term Loan, net (1)
March 1, 2026LIBOR +8.5 %$589,886 $— 
Senior Term Loan, net (2)
December 31, 2023LIBOR + 9.0 %— 449,165 
ABL Facility (Fifth Amendment)March 1, 20263-month LIBOR +3.0 %58,022 — 
ABL Facility (Fourth Amendment)(3)
September 30, 20233-month LIBOR +4.0 %— 79,238 
Total debt obligations$647,908 $528,403 
Less: Current portion of New Term Loan70,000 — 
Total debt obligations, long-term$577,908 $528,403 

(1)     Net of original issue discount costs of $19.6 million and debt issuance costs of $2.5 million, as of June 30, 2021.
(2)     Net of debt issuance costs of $0.4 million, as of December 31, 2020.
(3)     The Fourth Amendment to the ABL Facility was replaced by the Fifth Amendment to the ABL Facility on March 1, 2021.
Schedule of Other Financing Obligations
The following table sets forth the components of the Company's total leaseback obligations as of June 30, 2021 and December 31, 2020 (in thousands):
June 30, 2021December 31, 2020
Non-cash residual value of Tucker, Georgia lease$— $54,676 
Future maturities associated with the Tucker, Georgia failed
sale-leaseback liability
— 862 
Total leaseback obligations$— $55,538