Interest Expense

9 Months Ended

Sep. 30, 2017

The following table summarizes the components of interest expense for the periods presented:



	Successor					Predecessor
	Three Months Ended			Period From September 13, 2016		Period From July 1, 2016
	September 30, 2017			Through September 30, 2016		Through September 12, 2016
Interest on borrowings and related fees ¹	$	879		$	180	$	1,363
Amortization of debt issuance costs²	374			38		—
Capitalized interest	(51		)	—		—
	$	1,202		$	218	$	1,363

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Absent the bankruptcy proceedings and the corresponding suspension of the accrual of interest on unsecured debt, we would have recorded total contractual interest expense of $19.3 million for the period from July 1, 2016 through September 12, 2016, including $4.4 million and $13.4 million attributable to the 7.25% Senior Notes due 2019 (“2019 Senior Notes”) and the 8.5% Senior Notes due 2020 (“2020 Senior Notes”).


²	The three months ended September 30, 2017 includes a $0.2 million write-off attributable to a change in the composition of financial institutions comprising the Credit Facility’s bank group in connection with the Third Amendment (see Note 8).



	Successor					Predecessor
	Nine Months Ended			Period From September 13, 2016		Period From January 1, 2016
	September 30, 2017			Through September 30, 2016		Through September 12, 2016
Interest on borrowings and related fees ¹	$	1,784		$	180	$	36,013
Amortization of debt issuance costs ²	1,362			38		22,188
Capitalized interest	(132		)	—		(183		)
	$	3,014		$	218	$	58,018



	Successor					Predecessor
	Nine Months Ended			Period From September 13, 2016		Period From January 1, 2016
	September 30, 2017			Through September 30, 2016		Through September 12, 2016
Interest on borrowings and related fees ¹	$	1,784		$	180	$	36,013
Amortization of debt issuance costs ²	1,362			38		22,188
Capitalized interest	(132		)	—		(183		)
	$	3,014		$	218	$	58,018

___________________


¹	Absent the bankruptcy proceedings and the corresponding suspension of the accrual of interest on unsecured debt, we would have recorded total contractual interest expense of $66.1 million for the period from January 1, 2016 through September 12, 2016, including $15.3 million and $46.3 million attributable to the 2019 Senior Notes and the 2020 Senior Notes, respectively.

The nine months ended September 30, 2017 includes a total of $0.8 million of write-offs attributable to changes in the composition of financial institutions comprising the Credit Facility’s bank group in connection with amendments to the Credit Facility (see Note 8). The period from January 1, 2016 through September 12, 2016 includes $20.5 million related to the accelerated write-off of unamortized debt issuance costs associated with the RBL and Senior Notes.