| Long-Term Debt |
Our long-term debt was as follows (in thousands):
|
|
September 30,
|
|
|
December 31,
|
|
|
|
2016
|
|
|
2015
|
|
|
11.00% 1.5 Lien Term Loan, due November 2019:
|
|
|
|
|
|
|
|
|
Principal
|
$
|
75,000
|
|
|
$ —
|
|
|
Interest payable
|
|
26,393
|
|
|
|
—
|
|
|
|
|
101,393
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
9.00 % Second Lien Term Loan, due May 2020 - Principal
|
|
300,000
|
|
|
|
300,000
|
|
|
|
|
|
|
|
|
|
|
|
9.00%/10.75% Second Lien PIK Toggle Notes, due May 2020:
|
|
|
|
|
|
|
|
|
Principal
|
|
159,763
|
|
|
|
—
|
|
|
PIK payable
|
|
27,292
|
|
|
|
—
|
|
|
Interest payable
|
|
36,850
|
|
|
|
—
|
|
|
|
|
223,905
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
8.50%/10.00% Third Lien PIK Toggle Notes due June 2021:
|
|
|
|
|
|
|
|
|
Principal
|
|
142,031
|
|
|
|
—
|
|
|
PIK payable
|
|
30,711
|
|
|
|
—
|
|
|
Interest payable
|
|
40,705
|
|
|
|
—
|
|
|
|
|
213,447
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
8.50% Unsecured Senior Notes, due June 2019 - Principal
|
|
189,829
|
|
|
|
900,000
|
|
|
|
|
|
|
|
|
|
|
|
Debt premium, discount, issuance costs, net of amortization
|
|
(5,590
|
)
|
|
|
(3,145
|
)
|
|
Total long-term debt
|
|
1,022,984
|
|
|
|
1,196,855
|
|
|
Current maturities of long-term debt
|
|
8,763
|
|
|
|
—
|
|
|
Long term debt, less current maturities
|
$
|
1,014,221
|
|
|
$
|
1,196,855
|
|
|