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Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of long-term debt
Long-term debt at June 30, 2023 and December 31, 2022 consisted of the following:
(Thousands of Dollars)
June 30,
2023		December 31,
2022
2018 Term Loan Facility
$332,500 $334,250 
 2021 Equipment Loan24,589 30,342 
Other long-term debt138 273 
Less: Unamortized debt discount and debt issuance costs
(2,724)(3,436)
Total debt, net of unamortized debt discount and debt issuance costs
354,503 361,429 
Less: Current portion
(14,176)(14,004)
Long-term debt, net of unamortized debt discount and debt issuance costs
$340,327 $347,425 
Schedule of line of credit facilities
Below is a summary of the Company’s credit facilities outstanding as of June 30, 2023:
(Thousands of Dollars)
2021 Equipment Loan2019 ABL Facility2018 Term Loan Facility
Original facility size$46,500 $450,000 $350,000 
Outstanding balance$24,589 $— $332,500 
Letters of credit issued$— $19,650 $— 
Available borrowing base commitmentn/a$411,300 n/a
Interest Rate(1)
5.25 %SOFR or base rate plus applicable marginSOFR or base rate plus applicable margin
Maturity DateJune 1, 2025October 31, 2024May 25, 2025
(1)    Secured Overnight Financing Rate (“SOFR”) is subject to a 1.00% floor.
Schedule of maturities of long-term debt
Maturities of the 2018 Term Loan Facility, 2021 Equipment Loan (each as defined herein), and Other long-term debt for the next five years are presented below:
(Thousands of Dollars)
Year-end December 31,
2023$7,791 
202415,790 
2025333,646 
2026— 
2027— 
$357,227