Subsequent Event

12 Months Ended

Dec. 31, 2016

Subsequent Events

Subsequent Events

Note 12. Subsequent Event

        On February 14, 2017, certain of our subsidiaries entered into an amendment to our credit agreement providing for a $213.3 million senior secured term loan B facility (the "Amended Term Loan Facility"), which extended the maturity date by over three years from July 2020 to February 2024. Interest on the Amended Term Loan Facility was set at LIBOR plus 350 (decreased from a margin of 4.00% under the Existing Term Loan Facility) basis points and no LIBOR floor (decreased from a LIBOR floor of 1.00% under the Existing Term Loan Facility). The Amended Term Loan Facility principal payments are payable on quarterly due dates commencing March 14, 2017, and a final installment on February 14, 2024. Estimated transaction costs total approximately $2.3 million. We are currently evaluating the accounting for the debt refinancing and related transaction costs.