Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2020

Long-Term Debt

Long-Term debt

Outstanding long-term debt consisted of the following (in thousands):

	March 31,		December 31,
	2020		2019
Term Loan Facility (1)	$	1,146,062	$	1,148,115
Real Estate Facility (2)		18,997		19,521
Subtotal		1,165,059		1,167,636
Less: current portion		(13,962)		(14,085)
Total	$	1,151,097	$	1,153,551

(1) Net of $4.1 million and $4.3 million of original issue discount at March 31, 2020 and December 31, 2019, respectively, and $10.0 million and $10.7 million of finance costs at March 31, 2020 and December 31, 2019, respectively.

(2) Net of $0.2 million and $0.2 million of finance costs at March 31, 2020 and December 31, 2019, respectively.

Schedule of outstanding amounts and available borrowings under the Senior Secured Credit Facilities

The following table details the outstanding amounts and available borrowings under the Senior Secured Credit Facilities as of (in thousands):

	March 31,		December 31,
	2020		2019
Senior Secured Credit Facilities:
Term Loan Facility:
Principal amount of borrowings	$	1,195,000	$	1,195,000
Less: cumulative principal payments		(34,895)		(31,898)
Less: unamortized original issue discount		(4,057)		(4,320)
Less: finance costs		(9,986)		(10,667)
		1,146,062		1,148,115
Less: current portion		(11,991)		(11,991)
Long-term debt, net of current portion	$	1,134,071	$	1,136,124
Revolving Credit Facility:
Total commitment	$	35,000	$	35,000
Less: outstanding letters of credit		(3,622)		(4,112)
Less: availability reduction due to Total Leverage Ratio		(21,965)		(21,622)
Additional borrowing capacity	$	9,413	$	9,266