Debt

9 Months Ended

Sep. 30, 2020

Debt

Debt

8. Debt

Debt, net of current portion, consists of the following (in thousands):

	September 30,		December 31,
	2020		2019
Senior Secured Credit Facility	$	225,600	$	227,363
Other long-term financing(a)		139		362
Less unamortized debt issuance costs		(957)		(1,182)
Less unamortized debt discount costs		(699)		(862)
Less current portion(a)		(2,489)		(2,648)
	$	221,594	$	223,033

(a) Includes financing assumed with the acquisition of booj. As of September 30, 2020, the carrying value of this financing approximates the fair value.

Maturities of debt are as follows (in thousands):

As of September 30, 2020
Remainder of 2020	$	663
2021		2,414
2022		2,350
2023		220,312
	$	225,739

Senior Secured Credit Facility

In July 2013, the Company entered into a credit agreement with several lenders and administered by a bank, referred to herein as the “2013 Senior Secured Credit Facility.” In December 2016, the 2013 Senior Secured Credit Facility was amended and restated, referred to herein as the “Senior Secured Credit Facility.” The Senior Secured Credit Facility consists of a $235.0 million term loan facility which matures on December 15, 2023 and a $10.0 million revolving loan facility for which any loans outstanding must be repaid on December 15, 2021. As of September 30, 2020, the Company had no revolving loans outstanding under its Senior Secured Credit Facility. As of September 30, 2020, the interest rate on the term loan facility was 3.50%.
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