LONG-TERM DEBT AND NOTES PAYABLE (Tables)

6 Months Ended

Jun. 30, 2014

Summary of Redemption Prices Expressed as Percentage

At any time or from time to time on or after May 1, 2017, at our option, we may redeem the Notes, in whole or in part, at the redemption prices (expressed as percentages of principal amount of the Notes to be redeemed) set forth below, together with accrued and unpaid interest to the redemption date, if redeemed during the 12-month period beginning May 1 of the years indicated:


Year	Percentage
2017		104	%
2018		102	%
2019 and thereafter		100	%

Long-Term Debt Obligations

A summary of our long-term debt obligations are as follows:


	June 30, 2014		December 31, 2013
	(In thousands)
Long-term debt consists of:
Senior Notes	$	500,000	$	—
Term Loan		300,000		—
North Ocean 105 Construction Financing		53,104		57,189
Amortizing Notes		47,456		—
Capital lease obligation		3,073		—
Other financing		742		—
North Ocean 102 Construction Financing		0		31,373

		904,375		88,562
Less: Amounts due within one year		26,285		39,543

Total long-term debt	$	878,090	$	49,019