14. Subsequent Events

On May 4, 2015, the Company amended its Credit Facility to extend the maturity date of its revolving credit facility to March 9, 2017. The Term Loan will still mature on March 9, 2016. Pursuant to this amendment and upon execution, the Company was required to make prepayments of approximately $20.3 million and $50.9 million on the Term Loan and revolving credit facility, respectively. Additionally, the Company’s $700 million borrowing capacity on its revolving credit facility was reduced by approximately $235.9 million upon execution of this amendment, and will be further reduced by approximately $39.1 million on September 30, 2015, bringing the total expected available borrowing capacity on its revolving credit facility to $425.0 million as of September 30, 2015. Until March 9, 2016, the interest rates on the Company’s borrowings under the Credit Facility, as amended, will effectively remain unchanged except that the minimum applicable margin will be increased by 0.50%. After March 9, 2016, the applicable interest rates on the Company’s borrowings under the Credit Facility, as amended, will increase by 2.00% such that borrowings under the Credit Facility will bear interest at either LIBOR plus the applicable margin between 4.00% and 5.00% or the base rate plus the applicable margin between 3.00% and 4.00%. The Credit Facility, as amended, also restricts the Company’s ability to pay dividends or repurchase its common shares to a maximum of $233.0 million until maturity and also provides for the grant of security interest on certain additional assets of the Company and its subsidiaries. The Company incurred approximately $7 million of debt issuance costs in connection with the amendment.