Long-Term Debt

Long-term debt as of June 30, 2018 and December 31, 2017 consists of the following:



	June 30, 2018			December 31, 2017
Term loan B requires quarterly installments plus interest through the term of the loan, maturing March 31, 2021. Outstanding borrowings bear interest at LIBOR or base rate (as defined) plus a margin at the election of the borrower (all-in weighted-average rate of 4.89% at June 30, 2018 and 4.59% at December 31, 2017)	$	705,877		$	709,470
Revolving credit line, requires interest only payments through the term of the loan, maturing March 31, 2019. Outstanding borrowings bear interest at LIBOR or base rate (as defined) plus a margin at the election of the borrower (all-in rate of 6.75% at June 30, 2018 and 6.25% at December 31, 2017)	—			—
Total debt, excluding deferred financing costs	$	705,877		709,470
Deferred financing costs, net of accumulated amortization	(4,735		)	(5,709		)
Total debt	701,142			703,761
Current portion of long-term debt and line of credit	7,185			7,185
Long-term debt, net of current portion	$	693,957		$	696,576

Term loan B payments are payable in quarterly installments with the final scheduled principal payment on the outstanding term loan borrowings due on March 31, 2021.

Future annual principal payments of long-term debt as of June 30, 2018 are as follows:



	Amount
Remainder of 2018	$	3,593
2019	7,185
2020	7,185
2021	687,914
2022	—
Total	$	705,877

On August 1, 2018, the Company completed a refinancing of the above senior secured credit facilities. See Note 16.