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Long-Term Debt and Other Borrowings
9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Long-Term Debt and Other Borrowings LONG-TERM DEBT AND OTHER BORROWINGS
 
We believe our capital structure, excluding CCLP, ("TETRA") and CCLP's capital structure should be considered separately, as there are no cross default provisions, cross collateralization provisions, or cross guarantees between CCLP's debt and TETRA's debt.

Consolidated long-term debt as of September 30, 2019 and December 31, 2018, consists of the following:
 
 
 
September 30, 2019
 
December 31, 2018
 
 
 
(In Thousands)
TETRA
 
Scheduled Maturity
 
 
 
Asset-based credit agreement (presented net of unamortized deferred financing costs of $1.4 million as of September 30, 2019)
 
September 2023
$
8,585

 
$

Term credit agreement (presented net of the unamortized discount of $6.6 million as of September 30, 2019 and $7.2 million as of December 31, 2018 and net of unamortized deferred financing costs of $9.8 million as of September 30, 2019 and $10.2 million as of December 31, 2018)
 
September 2025
204,112

 
182,547

TETRA total debt
 
 
212,697

 
182,547

Less current portion
 
 

 

TETRA total long-term debt
 
 
$
212,697

 
$
182,547

 
 
 
 
 
 
CCLP
 
 
 
 
 
CCLP asset-based credit agreement (presented net of unamortized deferred financing costs of $0.9 million as of September 30, 2019)
 
June 2023
10,559

 

CCLP 7.25% Senior Notes (presented net of the unamortized discount of $1.8 million as of September 30, 2019 and $2.2 million as of December 31, 2018 and net of unamortized deferred financing costs of $3.1 million as of September 30, 2019 and $3.9 million as of December 31, 2018)
 
August 2022
291,028

 
289,797

CCLP 7.50% Senior Secured Notes (presented net of unamortized deferred financing costs of $6 million as of September 30, 2019 and $6.8 million as of December 31, 2018)
 
April 2025
343,988

 
343,216

CCLP total debt
 
 
645,575

 
633,013

Less current portion
 
 

 

CCLP total long-term debt
 
 
$
645,575

 
$
633,013

Consolidated total long-term debt
 
 
$
858,272

 
$
815,560



As of September 30, 2019, TETRA had a $10.0 million outstanding balance and $6.9 million in letters of credit against its asset-based credit agreement ("ABL Credit Agreement"). As of September 30, 2019, subject to compliance with the covenants, borrowing base, and other provisions of the agreement that may limit borrowings, TETRA had an availability of $41.6 million under this agreement. There was an $11.5 million balance outstanding and $3.0 million in letters of credit against the CCLP asset-based credit agreement ("CCLP Credit Agreement") as of September 30, 2019. On June 26, 2019, CCLP entered into an amendment of the CCLP Credit Agreement that, among other things, revised and increased the borrowing base, including adding the value of certain CCLP inventory in the determination of the borrowing base. As of September 30, 2019, and subject to compliance with the covenants, borrowing base, and other provisions of the agreements that may limit borrowings under the CCLP Credit Agreement, CCLP had availability of $7.8 million.

TETRA and CCLP credit and senior note agreements contain certain affirmative and negative covenants, including covenants that restrict the ability to pay dividends or other restricted payments. TETRA and CCLP are both in compliance with all covenants of their respective credit and senior note agreements as of September 30, 2019.