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 ) : .
[['', '2008', '2007'], ['commercial mortgage pass-through certificates series 2007-1', '$ 1750000', '$ 1750000'], ['revolving credit facility', '750000', '825000'], ['term loan', '325000', '2014'], ['7.25% ( 7.25 % ) senior subordinated notes', '288', '288'], ['7.50% ( 7.50 % ) senior notes', '225000', '225000'], ['7.125% ( 7.125 % ) senior notes', '501107', '502202'], ['7.00% ( 7.00 % ) senior notes', '500000', '500000'], ['5.0% ( 5.0 % ) convertible notes', '59683', '59683'], ['3.25% ( 3.25 % ) convertible notes', '2014', '18333'], ['3.00% ( 3.00 % ) convertible notes', '161893', '344568'], ['other convertible notes', '41', '41'], ['notes payable and capital leases', '60134', '60169'], ['total', '4333146', '4285284'], ['less current portion of long-term obligations', '-1837 ( 1837 )', '-1817 ( 1817 )'], ['long-term obligations', '$ 4331309', '$ 4283467']]
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 .

Question: what was the change in thousands in total outstandings under long term financing arrangements from 2007 to 2008?
Answer: 47862