Debt (Tables)

6 Months Ended

Jul. 31, 2017

Debt consists of the following:



(In thousands)	July 31, 2017			January 31, 2017
Senior term loan (LIBOR margin of 3.0%, and interest rate of 4.25%)	$	400,659		$	402,740
Senior unsecured notes	240,000			240,000
Total debt	640,659			642,740
Less: deferred financing costs	(6,576		)	(7,263		)
Total debt less deferred financing costs	634,083			635,477
Less: current portion (net of current portion of deferred financing costs of $3,162 and $3,080, respectively)	(1,000		)	(1,082		)
Long-term debt, net of current portion (net of long-term portion of deferred financing costs of $3,414 and $4,183, respectively)	$	633,083		$	634,395

Principal Payments on Long Term Debt

As of July 31, 2017, the schedule of minimum required principal payments on our debt for each of the fiscal years ending January 31 are due according to the table below:



(In thousands)
Remainder of the fiscal year ending January 31, 2018	$	2,082
2019	4,163
2020	634,414
Total	$	640,659

Debt

Debt Instrument [Line Items]

Interest and Fees Related to Credit Facility and Senior Unsecured Notes

Interest and fees related to our Credit Facility and the Notes are as follows:



	Three Months Ended July 31,				Six Months Ended July 31,
(In thousands)	2017		2016		2017		2016
Credit Facility interest and fees⁽¹⁾	$	4,777	$	4,867	$	9,636	$	9,637
Notes interest and fees ⁽²⁾	5,304		5,274		10,600		10,541
Total interest and fees	$	10,081	$	10,141	$	20,236	$	20,178

(1) Interest on the Amended Term Loan is payable quarterly based upon an interest rate of 4.25%.

(2) Interest on the Notes is payable semi-annually based upon a fixed annual rate of 8.25%.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Publisher FASB
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

BakerCorp International, Inc. 10-Q