Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.22.2
Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table summarizes our debt obligations as of the dates presented:
June 30, 2022 December 31, 2021
Credit Facility $ 171,000  $ 208,000 
9.25% Senior Notes due 2026
400,000  400,000 
Mortgage debt 1
8,304  8,438 
Other 2
318  2,516 
Total 579,622  618,954 
Less: Unamortized discount 3
(3,395) (3,720)
Less: Unamortized deferred issuance costs 3, 4
(9,001) (9,853)
Total, net 567,226  605,381 
Less: Current portion (1,897) (4,129)
Long-term debt $ 565,329  $ 601,252 
_______________________
1     The mortgage debt relates to the corporate office building and related assets acquired in connection with the Lonestar Acquisition for which assets were held as collateral for such debt. As of June 30, 2022 and December 31, 2021, these assets met the held for sale criteria and were classified as Assets held for sale on the condensed consolidated balance sheets. In July 2022, the mortgage debt was fully repaid in connection with the sale of the corporate office building. See Note 15 for additional information on the sale.
2     Other debt of $2.2 million was extinguished during the six months ended June 30, 2022 and recorded as a gain on extinguishment of debt.
3     The discount and issuance costs of the 9.25% Senior Notes due 2026 are being amortized over its respective term using the effective-interest method.
4     Excludes issuance costs associated with the Credit Facility, which represents 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.