Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt Long-Term Debt (Tables)

v3.21.2
Long-Term Debt Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table summarizes our debt obligations as of the dates presented:
September 30, 2021 December 31, 2020
Credit Facility $ 212,900  $ 314,400 
Second Lien Facility 143,110  200,000 
9.25% Senior Notes due 2026 400,000  — 
Total 756,010  514,400 
Less: Unamortized discount 1
(4,855) (1,604)
Less: Unamortized deferred issuance costs 1, 2
(4,327) (3,299)
Total, net $ 746,828  $ 509,497 
Less: Current portion (7,500) — 
Long-term debt $ 739,328  $ 509,497 
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1     Discount and issuance costs of the Second Lien Facility are being amortized over the term of the underlying loan using the effective-interest method. The discount and issuance costs of the 9.25% Senior Notes due 2026 will be amortized over its respective term beginning in the fourth quarter of 2021 concurrent with the related proceeds being released from escrow and closing of the Lonestar acquisition.
2     Excludes issuance costs of the Credit Facility, which represent costs attributable to the access to credit over its contractual term, that have been presented as a component of Other assets (see Note 9) and are being amortized over the term of the Credit Facility using the straight-line method.