Long-Term Debt (Tables)

3 Months Ended

Jul. 31, 2018

Long-Term Debt

Schedule of long-term debt

	July 31,		April 30,
	2018		2018
	(in thousands)
First Lien Term Loan (1) (2)	$	978,334	$	563,179
ABL Facility		215,401		—
Capital lease obligations, at an annual rate of 5.50%, due in monthly installments through 2025		93,686		18,564
Installment notes at fixed rates up to 5.0%, due in monthly and annual installments through 2023 (3)		16,219		14,143
Carrying value of debt		1,303,640		595,886
Less current portion		34,317		16,284
Long-term debt	$	1,269,323	$	579,602

(1) Net of unamortized discount of $2,420 and $2,536 as of July 31, 2018 and April 30, 2018, respectively.

(2) Net of deferred financing costs of $13,594 and $6,125 as of July 31, 2018 and April 30, 2018, respectively.

(3) Net of unamortized discount of $1,462 and $1,534 as of July 31, 2018 and April 30, 2018, respectively.

Scheduled principal payments of long-term debt

	First Lien			ABL		Capital		Installment
	Term Loan(1)			Facility		Leases		Notes(2)	Total
Years ending April 30,	(in thousands)
2019 (remaining nine months)	$	7,476	$	—	$	13,597	$	3,544	$	24,617
2020		9,968		—		27,589		3,794		41,351
2021		9,968		—		23,634		3,490		37,092
2022		9,968		215,401		19,186		3,055		247,610
2023		9,968		—		7,794		3,023		20,785
Thereafter		947,000		—		1,886		775		949,661
	$	994,348	$	215,401	$	93,686	$	17,681	$	1,321,116

(1)Gross of unamortized discount of $2,420 and deferred financing costs of $13,594 as of July 31, 2018.

(2)Gross of unamortized discount of $1,462 as of July 31, 2018.