Long-Term Debt (Tables)

6 Months Ended

Oct. 31, 2018

Long-Term Debt

Schedule of long-term debt

	October 31,		April 30,
	2018		2018
	(in thousands)
First Lien Term Loan (1) (2)	$	976,445	$	563,179
ABL Facility		153,470		—
Capital lease obligations, at an annual rate of 5.50%, due in monthly installments through 2025		100,181		18,564
Installment notes at fixed rates up to 5.0%, due in monthly and annual installments through 2023 (3)		15,132		14,143
Carrying value of debt		1,245,228		595,886
Less current portion		37,725		16,284
Long-term debt	$	1,207,503	$	579,602

(1) Net of unamortized discount of $2,329 and $2,536 as of October 31, 2018 and April 30, 2018, respectively.

(2) Net of deferred financing costs of $13,081 and $6,125 as of October 31, 2018 and April 30, 2018, respectively.

(3) Net of unamortized discount of $1,388 and $1,534 as of October 31, 2018 and April 30, 2018, respectively.

Scheduled principal payments of long-term debt

As of October 31, 2018, the maturities of long‑term debt were as follows

	First Lien			ABL	Capital		Installment
	Term Loan(1)			Facility	Leases		Notes(2)		Total
Years ending April 30,	(in thousands)
2019 (remaining six months)	$	4,983	$	—	$	10,427	$	1,032	$	16,442
2020		9,968		—		24,616		4,113		38,697
2021		9,968		—		23,194		3,810		36,972
2022		9,968		153,470		19,457		3,374		186,269
2023		9,968		—		14,268		3,342		27,578
Thereafter		947,000		—		8,219		849		956,068
	$	991,855	$	153,470	$	100,181	$	16,520	$	1,262,026

(1) Gross of unamortized discount of $2,329 and deferred financing costs of $13,081 as of October 31, 2018.

(2) Gross of unamortized discount of $1,388 as of October 31, 2018.