XML 47 R27.htm IDEA: XBRL DOCUMENT

Related Party Transactions

12 Months Ended

Sep. 30, 2018

19.	Related Party Transactions

Affiliates of KKR participated as (i) a lender in the Company’s Revolving Credit Facility discussed in Note 9, “Long-term Debt,” (ii) an underwriter in the Company’s IPO and (iii) a provider of services for the debt refinancing transaction. Specifically, KKR Capital Markets LLC, an affiliate of KKR, acted as an underwriter in connection with the IPO and received underwriter discounts and commissions of approximately $5,497. In addition, in August 2018, KKR Capital Markets LLC received $1,670 for services rendered in connection with the debt refinancing transaction.

The Company entered into a monitoring agreement, dated December 13, 2013, with the Sponsors, pursuant to which the Sponsors provided management and advisory services to the Company and its subsidiaries in exchange for an annual advisory fee in an amount equal to 1% of prior year Adjusted EBITDA, as defined in the Company’s Credit Agreement. The Company paid management and/or advisory fees of $1,633 to KKR and $463 to MSD Partners for the year ended September 30, 2018, $1,486 to KKR and $431 to MSD Partners for the nine months ended September 30, 2017 and $2,105 to KKR and $611 to MSD Partners for the year ended December 31, 2016. In connection with the Company’s IPO, the monitoring agreement was terminated in accordance with its terms and the Company paid termination fees of approximately $7,598 and $3,438 to KKR and MSD Partners, respectively, during the year ended September 30, 2018, which is included in Selling, general and administrative expenses on the Consolidated Statements of Operations.