| Components of Long-Term Debt |
The components of the Company’s long-term debt were as follows:
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September 30, 2023 |
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December 31, 2022 |
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Principal
Balance |
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Unamortized
Deferred
Financing
Costs |
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Unamortized
Debt Discount |
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Effective
Rate (1) |
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Principal
Balance |
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Unamortized
Deferred
Financing
Costs |
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Unamortized
Debt Discount |
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Effective
Rate (1) |
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Revolving Credit Facility due
April 13, 2026 |
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$ |
— |
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$ |
— |
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$ |
— |
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0.00 |
% |
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$ |
— |
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$ |
— |
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$ |
— |
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0.00 |
% |
Term Loan Facility due
April 13, 2028 |
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945,000 |
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4,989 |
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10,340 |
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8.99 |
% |
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945,000 |
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5,821 |
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12,064 |
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5.85 |
% |
Senior Secured Notes due
April 15, 2029 |
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500,000 |
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4,252 |
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— |
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4.65 |
% |
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500,000 |
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4,831 |
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— |
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4.70 |
% |
Total |
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$ |
1,445,000 |
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$ |
9,241 |
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$ |
10,340 |
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7.48 |
% |
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$ |
1,445,000 |
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$ |
10,652 |
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$ |
12,064 |
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5.45 |
% |
Less: Current portion |
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— |
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— |
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Unamortized deferred
financing costs |
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9,241 |
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10,652 |
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Unamortized debt discount |
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10,340 |
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12,064 |
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Total long-term debt |
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$ |
1,425,419 |
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$ |
1,422,284 |
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(1)Includes amortization of deferred financing costs and debt discount.
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