Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt Long-Term Debt (Tables)

v3.21.2
Long-Term Debt Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table summarizes our debt obligations as of the dates presented:
June 30, 2021 December 31, 2020
Credit Facility $ 238,900  $ 314,400 
Second Lien Facility 144,985  200,000 
Totals 383,885  514,400 
Less: Unamortized discount 1
(1,012) (1,604)
Less: Unamortized deferred issuance costs 1, 2
(3,324) (3,299)
Totals, net $ 379,549  $ 509,497 
Less: Current portion (7,500) — 
Long-term debt $ 372,049  $ 509,497 
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1     Discount and issuance costs of the Second Lien Facility are being amortized over the term of the underlying loan using the effective-interest method.
2     Excludes issuance costs of the Credit Facility, which represent costs attributable to the access to credit over its contractual term, that have been presented as a component of Other assets (see Note 9) and are being amortized over the term of the Credit Facility using the straight-line method.
Prepayment Premiums
We have the right, to the extent permitted under the Credit Facility and an intercreditor agreement between the lenders under the Credit Facility and the lenders under the Second Lien Facility, to prepay loans under the Second Lien Facility at any time, subject to prepayment premiums (in addition to customary breakage costs with respect to Eurodollar loans) during the twelve-month period beginning on January 15th of the years indicated below:
Date Prepayment premium
2021 102%
2022 101%
Thereafter No premium
The Second Lien Facility also provides for the following prepayment premiums in the event of a change-in-control that results in an offer of prepayment that is accepted by the lenders under the Second Lien Facility during the twelve-month period beginning on January 15th of the years indicated below:
Date Prepayment premium
2021 102%
2022 101%
Thereafter No premium