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Long-Term Debt
9 Months Ended
Mar. 31, 2018
Long-Term Debt  
Long-Term Debt

 

Note 11.  Long-Term Debt

 

Long-term debt, net consisted of the following:

 

 

 

March 31,

 

June 30,

 

(In thousands)

 

2018

 

2017

 

Term Loan A due 2020

 

$

234,151

 

$

254,375

 

Unamortized discount and other debt issuance costs

 

(11,457

)

(16,238

)

 

 

 

 

 

 

Term Loan A, net

 

222,694

 

238,137

 

 

 

 

 

 

 

Term Loan B due 2022

 

679,847

 

727,881

 

Unamortized discount and other debt issuance costs

 

(51,007

)

(63,106

)

 

 

 

 

 

 

Term Loan B, net

 

628,840

 

664,775

 

 

 

 

 

 

 

Revolving Credit Facility due 2020

 

 

 

 

 

 

 

 

 

Other

 

 

735

 

 

 

 

 

 

 

Total debt, net

 

851,534

 

903,647

 

Less short-term borrowings and current portion of long-term debt

 

(66,845

)

(60,117

)

 

 

 

 

 

 

Total long-term debt, net

 

$

784,689

 

$

843,530

 

 

 

 

 

 

 

 

 

 

During the third quarter of Fiscal 2018, the Company made a voluntary payment of $25.0 million against its outstanding Term Loan A and Term Loan B debt.  As a result of the prepayment, the Company wrote off a portion of the related debt issuance costs totaling $2.6 million which was included in interest expense.

 

Long-term debt amounts due, for the twelve month periods ending March 31 are as follows:

 

 

 

Amounts Payable

 

(In thousands)

 

to Institutions

 

2019

 

$

66,845

 

2020

 

66,845

 

2021

 

218,496

 

2022

 

39,345

 

2023

 

522,467

 

 

 

 

 

Total

 

$

913,998