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Long-Term Debt
3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Long-Term Debt Long-Term Debt
Long-term debt at March 31, 2023 and December 31, 2022 consisted of the following:
(Thousands of Dollars)
March 31,
2023
December 31,
2022
2018 Term Loan Facility
$333,375 $334,250 
 2021 Equipment Loan27,481 30,342 
Other long-term debt206 273 
Less: Unamortized debt discount and debt issuance costs
(3,081)(3,436)
Total debt, net of unamortized debt discount and debt issuance costs
357,981 361,429 
Less: Current portion
(14,086)(14,004)
Long-term debt, net of unamortized debt discount and debt issuance costs
$343,895 $347,425 
Below is a summary of the Company’s credit facilities outstanding as of March 31, 2023:
(Thousands of Dollars)
2021 Equipment Loan2019 ABL Facility2018 Term Loan Facility
Original facility size$46,500 $450,000 $350,000 
Outstanding balance$27,481 $— $333,375 
Letters of credit issued$— $22,626 $— 
Available borrowing base commitmentn/a$412,047 n/a
Interest Rate(1)
5.25 %LIBOR or base rate plus applicable marginLIBOR or base rate plus applicable margin
Maturity DateJune 1, 2025October 31, 2024May 25, 2025
(1)    London Interbank Offer Rate (“LIBOR”) is subject to a 1.00% floor.
    Maturities of the 2018 Term Loan Facility and the 2021 Equipment Loan (each as defined herein) for the next five years are presented below:
(Thousands of Dollars)
Year-end December 31,
2023$11,626 
202415,790 
2025333,646 
2026— 
2027— 
$361,062 
For additional information regarding the terms of the Company's credit facilities, see Note (8) Long-Term Debt to the Company’s audited consolidated financial statements contained in its Annual Report on Form 10-K for the year ended December 31, 2022.