Debt (Tables)

12 Months Ended

Dec. 31, 2020

Summary of Debt, Net of Unamortized Deferred Loan Costs And Original Issue Discount

The Company's debt, net of unamortized deferred loan costs and original issue discount, consisted of the following at December 31, 2020 and 2019:

(In thousands)	December 31, 2020			December 31, 2019
Term Loan A	$	124,035		$	288,750
Term Loan B		372,240			786,250
Revolving credit facility		—			19,850
		496,275			1,094,850
Less: deferred loan costs and original issue discount		(29,569	)		(46,723	)
Total debt		466,706			1,048,127
Less: current portion ⁽¹⁾		(7,456	)		—
Total long-term debt	$	459,250		$	1,048,127

(1)

Represents additional term loan principal due upon final settlement of the sale of Nutrisystem based on the estimated post-Closing adjustments.

Minimum Annual Principal Payments and Repayments of the Revolving Advances

The following table summarizes the minimum annual principal payments and repayments of the revolving advances under the Credit Agreement for each of the next five years and thereafter:

(In thousands)
Year ending December 31,
2021	$	7,456	⁽¹⁾
2022		59,900
2023		59,900
2024		77,071
2025		24,900
2026 and thereafter		267,048
Total	$	496,275

(1)

The total term loan principal due during 2021 reflects $7.5 million of additional debt repayment required upon estimated final settlement of the Nutrisystem sale.