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
$1,750,000
$1,750,000
Revolving credit facility
750,000
825,000
Term loan
325,000
—
7.25% senior subordinated notes
288
288
7.50% senior notes
225,000
225,000
7.125% senior notes
501,107
502,202
7.00% senior notes
500,000
500,000
5.0% convertible notes
59,683
59,683
3.25% convertible notes
—
18,333
3.00% convertible notes
161,893
344,568
Other convertible notes
41
41
Notes payable and capital leases
60,134
60,169
Total
4,333,146
4,285,284
Less current portion of long-term obligations
(1,837)
(1,817)
Long-term obligations
$4,331,309
$4,283,467

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: 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?
Choices:
4333105
-47862
4333145.9
47862.0
46025
Correct choice index: 3