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Debt (Tables)
3 Months Ended
Mar. 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:

 

 

 

March 31, 2022

(Dollars in Thousands)

 

Debt Instrument

 

Total

Debt

 

 

Debt

Issuance

Costs (1)

 

 

Total

Debt, Net

 

 

Weighted

Average

Interest

Rate

 

Term Loan Facility

 

$

349,200

 

 

$

(3,891

)

 

$

345,309

 

 

 

4.2

%

6.00% Senior Notes

 

 

242,206

 

 

 

(3,195

)

 

 

239,011

 

 

 

6.0

%

European CapEx loans

 

 

17,066

 

 

 

 

 

 

17,066

 

 

 

2.3

%

Finance leases

 

 

2,441

 

 

 

 

 

 

2,441

 

 

 

2.8

%

 

 

$

610,913

 

 

$

(7,086

)

 

 

603,827

 

 

 

 

 

Less: Current portion

 

 

 

 

 

 

 

 

 

 

(5,971

)

 

 

 

 

Long-term debt

 

 

 

 

 

 

 

 

 

$

597,856

 

 

 

 

 

 

 

 

December 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

 

 

$

(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

 

 

 

 

 

 

Schedule of Debt Maturities

Debt maturities as of March 31, 2022, which are due in the next five years and thereafter, are as follows:

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

Debt Maturities

 

Amount

 

Nine remaining months of 2022

 

$

4,715

 

2023

 

 

5,720

 

2024

 

 

352,277

 

2025

 

 

244,407

 

2026

 

 

2,095

 

Thereafter

 

 

1,699

 

Total debt liabilities

 

$

610,913