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Debt (Tables)
3 Months Ended
Mar. 31, 2021
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:

 

 

 

March 31, 2021

(Dollars in Thousands)

 

Debt Instrument

 

Total

Debt

 

 

Debt

Issuance

Costs (1)

 

 

Total

Debt, Net

 

 

Weighted

Average

Interest

Rate

 

Term Loan Facility

 

$

349,200

 

 

$

(6,531

)

 

$

342,669

 

 

 

4.1

%

6.00% Senior Notes

 

 

254,318

 

 

 

(4,179

)

 

 

250,139

 

 

 

6.0

%

European CapEx Loans

 

 

23,354

 

 

 

 

 

 

23,354

 

 

 

2.3

%

Finance Leases

 

 

3,494

 

 

 

 

 

 

3,494

 

 

 

2.9

%

 

 

$

630,366

 

 

$

(10,710

)

 

 

619,656

 

 

 

 

 

Less: Current portion

 

 

 

 

 

 

 

 

 

 

(6,516

)

 

 

 

 

Long-term debt

 

 

 

 

 

 

 

 

 

$

613,140

 

 

 

 

 

 

 

 

December 31, 2020

(Dollars in Thousands)

 

Debt Instrument

 

Total

Debt

 

 

Debt

Issuance

Costs (1)

 

 

Total

Debt, Net

 

 

Weighted

Average

Interest

Rate

 

Term Loan Facility

 

$

349,200

 

 

$

(7,155

)

 

$

342,045

 

 

 

4.1

%

6.00% Senior Notes

 

 

266,928

 

 

 

(4,425

)

 

 

262,503

 

 

 

6.0

%

European CapEx Loans

 

 

23,668

 

 

 

 

 

 

23,668

 

 

 

2.3

%

Finance Leases

 

 

3,388

 

 

 

 

 

 

3,388

 

 

 

3.0

%

 

 

$

643,184

 

 

$

(11,580

)

 

 

631,604

 

 

 

 

 

Less: Current portion

 

 

 

 

 

 

 

 

 

 

(6,112

)

 

 

 

 

Long-term debt

 

 

 

 

 

 

 

 

 

$

625,492

 

 

 

 

 

 

 

(1)

Unamortized portion

 

Schedule of Debt Maturities

Debt maturities as of March 31, 2021 which are due in the next five years and thereafter are as follows:

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

Debt Maturities

 

Amount

 

Nine remaining months of 2021

 

$

4,987

 

2022

 

 

6,334

 

2023

 

 

5,922

 

2024

 

 

352,360

 

2025

 

 

256,621

 

Thereafter

 

 

4,142

 

Total debt liabilities

 

$

630,366