XML 43 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
Indebtedness (Tables)
3 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
Debt Outstanding

We had the following debt outstanding as of the dates shown below (bank debt interest rate at March 31, 2018 is shown parenthetically). No interest was capitalized during the three months ended March 31, 2018 or the year ended December 31, 2017 (in thousands).

 

 

March 31,

2018

 

 

 

December 31,

2017

 

Bank debt (3.4%)

$

1,182,000

 

 

$

1,211,000

 

Senior notes:

 

 

 

 

 

 

 

4.875% senior notes due 2025

 

750,000

 

 

 

750,000

 

5.00% senior notes due 2023

 

741,531

 

 

 

741,531

 

5.00% senior notes due 2022

 

580,032

 

 

 

580,032

 

5.75% senior notes due 2021

 

475,952

 

 

 

475,952

 

5.875% senior notes due 2022

 

329,244

 

 

 

329,244

 

Other senior notes due 2022

 

590

 

 

 

590

 

Total senior notes

 

2,877,349

 

 

 

2,877,349

 

Senior subordinated notes:

 

 

 

 

 

 

 

5.00% senior subordinated notes due 2023

 

7,712

 

 

 

7,712

 

5.00% senior subordinated notes due 2022

 

19,054

 

 

 

19,054

 

5.75% senior subordinated notes due 2021

 

22,214

 

 

 

22,214

 

Total senior subordinated notes

 

48,980

 

 

 

48,980

 

Total debt

 

4,108,329

 

 

 

4,137,329

 

Unamortized premium

 

5,712

 

 

 

6,027

 

Unamortized debt issuance costs

 

(32,347

)

 

 

(34,550

)

Total debt net of debt issuance costs

$

4,081,694

 

 

$

4,108,806

 

 

Summary of Senior Notes Principal Subsequent to Debt Exchange

In September 2016, in conjunction with the MRD Merger, we issued $329.2 million senior unsecured 5.875% notes due 2022 (the “5.875% Notes”). In addition, we also completed a debt exchange offer to exchange senior subordinated notes for the following senior notes (in thousands):

 

 

Principal Amount

 

 

 

5.00% senior notes due 2023

$

741,531

5.00% senior notes due 2022

$

580,032

5.75% senior notes due 2021

$

475,952