pre_text: american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) 6 . long-term obligations outstanding amounts under the company 2019s long-term financing arrangements consist of the following as of december 31 , ( in thousands ) : .
post_text: commercial mortgage pass-through certificates , series 2007-1 2014during the year ended december 31 , 2007 , the company completed a securitization transaction ( the securitization ) involving assets related to 5295 broadcast and wireless communications towers ( the secured towers ) owned by two special purpose subsidiaries of the company , through a private offering of $ 1.75 billion of commercial mortgage pass-through certificates , series 2007-1 ( the certificates ) . the certificates were issued by american tower trust i ( the trust ) , a trust established by american tower depositor sub , llc ( the depositor ) , an indirect wholly owned special purpose subsidiary of the company . the assets of the trust consist of a recourse loan ( the loan ) initially made by the depositor to american tower asset sub , llc and american tower asset sub ii , llc ( the borrowers ) , pursuant to a loan and security agreement among the foregoing parties dated as of may 4 , 2007 ( the loan agreement ) . the borrowers are special purpose entities formed solely for the purpose of holding the secured towers subject to the securitization . the certificates were issued in seven separate classes , comprised of class a-fx , class a-fl , class b , class c , class d , class e and class f . each of the certificates in classes b , c , d , e and f are subordinated in right of payment to any other class of certificates which has an earlier alphabetical designation . the certificates were issued with terms identical to the loan except for the class a-fl certificates , which bear interest at a floating rate while the related component of the loan bears interest at a fixed rate , as described below . the various classes of certificates were issued with a weighted average interest rate of approximately 5.61% ( 5.61 % ) . the certificates have an expected life of approximately seven years with a final repayment date in april 2037 . the company used the net proceeds from the securitization to repay all amounts outstanding under the spectrasite credit facilities , including approximately $ 765.0 million in principal , plus accrued interest thereon and other costs and expenses related thereto , as well as to repay approximately $ 250.0 million drawn under the revolving loan component of the credit facilities at the american tower operating company level . an additional $ 349.5 million of the proceeds was used to fund the company 2019s tender offer and consent solicitation for the ati .
table: 2008 2007
table: Commercial Mortgage Pass-Through Certificates, Series 2007-1 $1,750,000 $1,750,000
table: Revolving credit facility 750,000 825,000
table: Term loan 325,000 —
table: 7.25% senior subordinated notes 288 288
table: 7.50% senior notes 225,000 225,000
table: 7.125% senior notes 501,107 502,202
table: 7.00% senior notes 500,000 500,000
table: 5.0% convertible notes 59,683 59,683
table: 3.25% convertible notes — 18,333
table: 3.00% convertible notes 161,893 344,568
table: Other convertible notes 41 41
table: Notes payable and capital leases 60,134 60,169
table: Total 4,333,146 4,285,284
table: Less current portion of long-term obligations (1,837) (1,817)
table: Long-term obligations $4,331,309 $4,283,467
question: Analyse this data from a financial earnings document. what was the change in thousands in total outstandings under long term financing arrangements from 2007 to 2008?