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Debt (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Summary of Long-Term Debt and Related Weighted Average Interest Rates

A summary of long-term debt and the related weighted average interest rates is shown below:

 

 

 

December 31, 2022

 

Debt Instrument

 

Total
Debt

 

 

Debt Discount and
Issuance Costs
(1)

 

 

Total
Debt, Net

 

 

Weighted Average
Interest Rate

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Term Loan Facility

 

$

400,000

 

 

$

(22,967

)

 

$

377,033

 

 

 

12.3

%

6.00% Senior Notes

 

 

232,352

 

 

 

(2,458

)

 

 

229,894

 

 

 

6.0

%

European CapEx loans

 

 

12,365

 

 

 

 

 

 

12,365

 

 

 

2.3

%

Finance leases

 

 

2,726

 

 

 

 

 

 

2,726

 

 

 

2.7

%

 

 

$

647,443

 

 

$

(25,425

)

 

 

622,018

 

 

 

 

Less: Current portion

 

 

 

 

 

 

 

 

(5,873

)

 

 

 

Long-term debt

 

 

 

 

 

 

 

$

616,145

 

 

 

 

 

 

 

December 31, 2021

 

Debt Instrument

 

Total
Debt

 

 

Debt Issuance
Costs
(1)

 

 

Total
Debt, Net

 

 

Weighted Average
Interest Rate

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Term Loan Facility

 

$

349,200

 

 

$

(4,338

)

 

$

344,862

 

 

 

4.1

%

6.00% Senior Notes

 

 

245,809

 

 

 

(3,441

)

 

 

242,368

 

 

 

6.0

%

European CapEx loans

 

 

18,595

 

 

 

 

 

 

18,595

 

 

 

2.3

%

Finance leases

 

 

2,611

 

 

 

 

 

 

2,611

 

 

 

2.8

%

 

 

$

616,215

 

 

$

(7,779

)

 

 

608,436

 

 

 

 

Less: Current portion

 

 

 

 

 

 

 

 

(6,081

)

 

 

 

Long-term debt

 

 

 

 

 

 

 

$

602,355

 

 

 

 

 

(1)
Unamortized portion
Schedule of Debt Maturities

Debt maturities due in the next five years and thereafter are as follows:

 

Debt Maturities

 

Amount

 

(Dollars in thousands)

 

 

 

2023

 

$

5,873

 

2024

 

 

3,672

 

2025

 

 

234,728

 

2026

 

 

2,055

 

2027

 

 

1,117

 

Thereafter

 

 

399,998

 

Total debt liabilities

 

$

647,443