8. CREDIT FACILITIES (in thousands)

On September 19, 2014, the Company entered into a Credit and Guaranty Agreement, with a group of lenders including Goldman Sachs Bank USA, as administrative agent, to provide credit facilities in the aggregate maximum principal amount of $400,000, consisting of a senior unsecured term loan facility in the original principal amount of $300,000 (the "Term Loan Facility"), and a senior unsecured revolving credit facility in the maximum principal amount of $100,000 (the "Revolving Credit Facility"), (together with the Term Loan Facility, the "Credit Facilities").

Credit facilities consisted of the following:

	June 30, 2015		December 31, 2014
Revolving Credit Facility	$	—	$	—
Term Loan Facility		290,000		300,000

Total Credit Facilities		290,000		300,000
Less: current portion		16,250		18,750

Non-current Credit Facilities	$	273,750	$	281,250

The Revolving Credit Facility, with a maximum principal amount of $100,000, became available to the Company on February 18, 2015, upon the consummation of its IPO.

As of June 30, 2015 and December 31, 2014, the Company was in compliance with the financial covenants of the Credit Facilities.

Scheduled maturity of the Credit Facilities as of June 30, 2015 follows:

Year ending December 31:	Amount
Remainder of 2015	$	8,750
2016		15,000
2017		30,000
2018		45,000
2019		191,250

Total	$	290,000

During the six months ended June 30, 2015, the Company paid $10,000 for the scheduled maturity of the outstanding principal on the Credit Facilities.