Long-Term Debt |
The components of our long-term debt are presented in the following tables (in thousands):
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December 31, 2018
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December 31, 2017
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Adjustments to
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Adjustments to
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Carrying
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Carrying
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Carrying
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Carrying
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Principal
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Value (1)
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Value
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Principal
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Value (2)
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Value
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Credit Facility,
due October 2022
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$
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21,000
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$
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—
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$
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21,000
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$
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—
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$
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—
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$
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—
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9.75 % Senior Second Lien Notes,
due November 2023:
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625,000
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(12,465
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)
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612,535
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—
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—
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—
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11.00% 1.5 Lien Term Loan,
due November 2019:
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—
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—
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—
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75,000
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15,596
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90,596
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9.00 % Second Lien Term Loan,
due May 2020:
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—
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—
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—
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300,000
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(4,381
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)
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295,619
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9.00%/10.75% Second Lien
PIK Toggle Notes, due May 2020:
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—
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—
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—
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171,769
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40,617
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212,386
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8.50%/10.00% Third Lien
PIK Toggle Notes, due June 2021:
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—
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—
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—
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153,192
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50,005
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203,197
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8.50% Unsecured Senior Notes,
due June 2019
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—
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—
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—
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189,829
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425
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190,254
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Total long-term debt
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646,000
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(12,465
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)
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633,535
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889,790
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102,262
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992,052
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Current maturities of long-term debt (3)
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—
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—
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—
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—
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22,925
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22,925
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Long term debt, less current
maturities
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$
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646,000
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$
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(12,465
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)
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$
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633,535
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$
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889,790
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$
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79,337
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$
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969,127
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(1)
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Unamortized debt issuance costs.
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(2)
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Unamortized debt issuance costs, unamortized debt premiums, unamortized debt discounts, future interest payments for certain debt instruments and future payments-in-kind (“PIK”) for certain debt instruments recorded on an undiscounted basis.
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(3)
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Future interest payments due within twelve months on the 1.5 Lien Term Loan, Second Lien PIK Toggle Notes and Third Lien PIK Toggle Notes (these debt instruments are defined below).
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