Please answer the given financial question based on the context.
Context: 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: The answer is:47862.0