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 ) : .

Table: 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
Calculation: subtract(4333146, 4285284)