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Financing Arrangements (Tables)

9 Months Ended

Sep. 30, 2019

As of September 30, 2019, the Company was a Ratings Level III for the Term Loan Agreements and related Standstill Agreement.



Ratings Level	Index Ratings (Moody’s/S&P)	Adjusted LIBOR (Eurodollar) Spread	Adjusted Base Rate (ABR) Spread
Level I	B1/B+ or higher	5.75%	4.75%
Level II	B2/B	6.25%	5.25%
Level III	B3/B- or lower	7.00%	6.00%

Schedule of Maturities of Long-term Debt

Aggregate cumulative maturities of debt obligations as of September 30, 2019 are:



(In thousands)	2021
Maturities of debt (1)	$	845,436

(1) Pursuant to the terms of the Standstill Agreement, the Company must enter into a Comprehensive Amendment to the Term Loan Agreements that is satisfactory in form and substance to the Lenders by December 13, 2019. If the Company does not enter into a Comprehensive Amendment, refinance or otherwise address the outstanding Term Loans by December 13, 2019, an event of default will occur under the Term Loan Agreements.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details