Annual report pursuant to Section 13 and 15(d)

Long-Term Debt

v3.20.4
Long-Term Debt
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Long-Term Debt
Long-term debt consists of the following:
December 31, 2020 December 31, 2019
(In thousands)
2016 Revolving Credit Facility (1) $ —  $ — 
6.125% Senior Subordinated Notes due 2027 (the “6.125% Notes”) 250,000  250,000 
2019 Mortgage Facility (2) 100,906  109,088 
Mortgage notes to finance companies - fixed rate, bearing interest from 2.41% to 7.03% 212,135  194,535 
Mortgage notes to finance companies - variable rate, bearing interest at 1.50 to 2.90 percentage points above one-month or three-month LIBOR 164,889  161,345 
   Subtotal $ 727,930  $ 714,968 
Debt issuance costs (7,863) (8,082)
Total debt 720,067  706,886 
Less current maturities (68,244) (69,908)
Long-term debt $ 651,823  $ 636,978 
(1)The interest rate on the 2016 Revolving Credit Facility (as defined below) was 150 basis points above LIBOR at both December 31, 2020 and 2019.
(2) The interest rate on the 2019 Mortgage Facility (as defined below) was 150 and 200 basis points above LIBOR at December 31, 2020 and 2019, respectively.