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Long-term Debt (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Long-term Debt

Long-term debt is comprised of the following:

  

 

As of December 31,

 

 

 

2016

 

 

2017

 

 

 

(In thousands)

 

10% Senior Secured Toggle Notes due 2020:

 

 

 

  

 

 

 

  

Principal

 

$

697,195

 

 

$

697,195

 

Discount, net of amortization

 

 

(11,955

)

 

 

(8,901

)

7¾% Convertible Second Lien PIK Notes due 2019:

 

 

 

 

 

 

 

 

Principal

 

 

268,432

 

 

 

284,442

 

Accrued interest payable in kind

 

 

6,645

 

 

 

5,572

 

Discount, net of amortization

 

 

(61,230

)

 

 

(38,748

)

9½% Convertible Second Lien PIK Notes due 2020:

 

 

 

 

 

 

 

 

Principal

 

 

174,182

 

 

 

187,062

 

Accrued interest payable in kind

 

 

735

 

 

 

817

 

Discount, net of amortization

 

 

(38,959

)

 

 

(31,844

)

10% Senior Notes due 2020:

 

 

 

 

 

 

 

 

Principal

 

 

2,805

 

 

 

2,805

 

7¾% Senior Notes due 2019:

 

 

 

 

 

 

 

 

Principal

 

 

17,959

 

 

 

17,959

 

Premium, net of amortization

 

 

118

 

 

 

65

 

9½% Senior Notes due 2020:

 

 

 

 

 

 

 

 

Principal

 

 

4,860

 

 

 

4,860

 

Discount, net of amortization

 

 

(98

)

 

 

(70

)

 

 

 

0

 

 

 

 

 

Debt issuance costs, net of amortization

 

 

(16,183

)

 

 

(10,685

)

 

 

$

1,044,506

 

 

$

1,110,529

 

 

Principal Amount of Debt and Associated Paid-in Kind Interest Payable by Year of Maturity

The following table summarizes Comstock's principal amount of debt, and any associated paid-in kind interest payable, as of December 31, 2017 by year of maturity:

 

 

 

2018

 

  

2019

 

  

2020

 

  

2021

 

  

2022

 

  

Thereafter

 

  

Total

 

 

 

(In thousands)

 

 

10% Senior Secured Toggle Notes due 2020

 

$

 

 

$

 

 

$

697,195

 

 

$

 

 

$

 

 

$

 

 

$

697,195

 

7¾% Convertible Second Lien PIK Notes due
2019

 

$

 

 

$

290,014

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

290,014

 

9½% Convertible Second Lien PIK Notes due
2020

 

 

 

 

 

 

 

 

187,879

 

 

 

 

 

 

 

 

 

 

 

 

187,879

 

10% Senior Notes due 2020

 

 

 

 

 

 

 

 

2,805

 

 

 

 

 

 

 

 

 

 

 

 

2,805

 

7¾% Senior Notes due  
2019

 

 

 

 

 

17,959

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17,959

 

9½% Senior Notes  due
2020

 

 

 

 

 

 

 

 

4,860

 

 

 

 

 

 

 

 

 

 

 

 

4,860

 

 

 

$

 

 

$

307,973

 

 

$

892,739

 

 

$

 

 

$

 

 

$

 

 

$

1,200,712