Subsequent Events |
6 Months Ended |
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Jun. 30, 2020 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
22. Subsequent Events:
In July 2020, the Company completed the sale of a non-core product line within its Performance Chemicals segment for $18,000. Concurrent with the sale, the Company entered into a tolling arrangement with the buyer through July 2025 in which the Company agreed to use its existing manufacturing facilities for the product line to manufacture the product for the buyer.
In July 2020, the Company entered into an agreement for a new senior secured term loan facility and redeemed its 6.75% Senior Secured Notes due 2022. See Note 13 to these condensed consolidated financial statements for details on the new senior secured term loan facility and the redemption of the 6.75% Senior Secured Notes due 2022.
In July 2020, the Company entered into $400,000 notional amount of interest rate cap agreements. See Note 14 to these condensed consolidated financial statements for additional details.
Other than the sale of the non-core product line, the entry into an agreement for a new senior secured term loan facility, the redemption of the 6.75% Senior Secured Notes due 2022 and the entry into new interest rate cap agreements as set forth above, the Company has evaluated subsequent events since the balance sheet date and determined that there are no additional items to disclose.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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