Debt (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Summary of Detail Comprising Debt and Related Book Values

A summary of the detail comprising the Company’s debt and the related book values for the respective periods presented is as follows (in thousands):

	September 30, 2023			December 31, 2022
12.00% Second-Priority Senior Secured Notes – due January 2026	$	638,541		$	638,541
11.75% Senior Secured Second Lien Notes – due April 2026		242,500			—
Bank Credit Facility – matures March 2027(1)		215,000			—
Total debt, before discount, premium and deferred financing cost		1,096,041			638,541
Unamortized discount, premium and deferred financing cost, net		(44,158	)		(53,201	)
Total debt(2)		1,051,883			585,340
Less: Current portion of long-term debt		33,109			—
Long-term debt	$	1,018,774		$	585,340

(1)As of September 30, 2023, the Company had outstanding borrowings at a weighted average interest rate of 8.42%.

(2)At September 30, 2023, the Company was in compliance with all debt covenants.