The company entered into a new senior secured credit facility and used the proceeds to refinance its existing senior secured credit facility and issue a call notice and fund the redemption of its $220 million 10.5% senior notes due 2019 and discharge the indenture governing the notes. The effective date of the redemption of the Notes is December 1, 2016. The New Credit Facility consists of a $480 million term loan and a $60 million revolving credit facility.
