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Component: (Network and Table)
Network
100300 - Disclosure - Long-Term Obligations (Tables)
(http://www.kmgchemicals.com/20160731/taxonomy/role/DisclosureLongTermObligationsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001028215 (http://www.sec.gov/CIK)
Debt Disclosure [Abstract]Period [Axis]
2015-08-01 - 2016-07-31
Debt Disclosure [Abstract]
 
Long-Term Debt and Current Maturities

The Company’s long-term debt and current maturities as of July 31, 2016 and 2015 consisted of the following (in thousands):

 

 

 

July 31,

2016

 

 

July 31,

2015

 

Senior secured debt:

 

 

 

 

 

 

 

 

   Revolving loan facility, maturing on October 9, 2019,

      variable interest rates based on LIBOR plus 1.0%

      at July 31, 2016

 

$

35,800

 

 

$

53,000

 

 

  
Ratio of Funded Debt to EBITDA

The revolving loan under the Second Restated Credit Facility bears interest at varying rate of LIBOR plus a margin based on funded debt to EBITDA, as described in the table.

 

Ratio of Funded Debt to EBITDA

 

Margin

 

Equal to or greater than 3.0 to 1.0

 

 

1.875

%

Equal to or greater than 2.75 to 1.0, but less than 3.0 to 1.0

 

 

1.625

%

Equal to or greater than 2.50 to 1.0, but less than 2.75 to 1.0

 

 

1.500

%

Equal to or greater than 2.25 to 1.0, but less than 2.50 to 1.0

 

 

1.375

%

Equal to or greater than 2.00 to 1.0, but less than 2.25 to 1.0

 

 

1.250

%

Equal to or greater than 1.50 to 1.0, but less than 2.00 to 1.0

 

 

1.125

%

Less than 1.50 to 1.0

 

 

1.000

%

 

  
Principal Payments Due Under Long-term Debt Agreements

Principal payments due under long-term debt agreements as of July 31, 2016 for the fiscal years ended July 31 are as follows (in thousands):

 

 

 

Total

 

 

2017

 

 

2018

 

 

2019

 

 

2020

 

 

2021

 

 

Thereafter

 

Long-term debt

 

$

35,800

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

35,800

 

 

$

—

 

 

$

—