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Debt (Tables)
9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Summary of Debt

Debt outstanding as of September 30, 2023 and December 31, 2022 consisted of the following (in thousands):

 

 

 

September 30,
2023

 

 

December 31,
2022

 

Exchange Credit Agreement

 

 

 

 

 

 

Tranche 1 Loans

 

$

795,337

 

 

$

846,445

 

Unamortized premium on tranche 1 loans

 

 

19,817

 

 

 

25,345

 

Unamortized debt issuance costs on tranche 1 loans

 

 

(19,114

)

 

 

(22,575

)

Tranche 2 Loans

 

 

187,412

 

 

 

236,794

 

Unamortized discount on tranche 2 loans

 

 

(1,983

)

 

 

(2,922

)

Unamortized debt issuance costs on tranche 2 loans

 

 

(4,641

)

 

 

(6,310

)

Revolver

 

 

 

 

 

30,000

 

Total Exchange Credit Agreement [*]

 

 

976,828

 

 

 

1,106,777

 

10.500% Public Second Lien Notes due 2028

 

 

 

 

 

 

Notes Due in 2028

 

 

286,521

 

 

 

286,521

 

Unamortized discount

 

 

(13,932

)

 

 

(15,457

)

Unamortized debt issuance costs

 

 

(7,533

)

 

 

(7,811

)

Total 10.500% Public Second Lien Notes due 2028

 

 

265,056

 

 

 

263,253

 

9.500% Private Second Lien Notes due 2028

 

 

 

 

 

 

Notes Due in 2028

 

 

239,142

 

 

 

239,142

 

Unamortized discount

 

 

(20,551

)

 

 

(22,524

)

Unamortized debt issuance costs

 

 

(6,458

)

 

 

(6,551

)

Total 9.500% Private Second Lien Notes due 2028

 

 

212,133

 

 

 

210,067

 

6.50% Exchangeable Senior Notes:

 

 

 

 

 

 

Notes Due in 2026

 

 

230,000

 

 

 

230,000

 

Unamortized debt issuance costs

 

 

(5,086

)

 

 

(6,489

)

Total 6.50% Exchangeable Senior Notes Due in 2026

 

 

224,914

 

 

 

223,511

 

6.00% Senior Notes:

 

 

 

 

 

 

Notes Due in 2026

 

 

110,858

 

 

 

110,858

 

Unamortized debt issuance costs

 

 

(614

)

 

 

(776

)

Total 6.00% Senior Notes Due in 2026

 

 

110,244

 

 

 

110,082

 

5.875% Senior Notes:

 

 

 

 

 

 

Notes Due in 2024

 

 

23,253

 

 

 

23,253

 

Unamortized debt issuance costs

 

 

(57

)

 

 

(96

)

Total 5.875% Senior Notes Due in 2024

 

 

23,196

 

 

 

23,157

 

Finance Lease Liabilities

 

 

1,457

 

 

 

1,977

 

Other debt, net of unamortized debt issuance costs

 

 

39,492

 

 

 

40,323

 

Total debt

 

 

1,853,320

 

 

 

1,979,147

 

Current portion of finance lease liabilities and long-term debt

 

 

(63,307

)

 

 

(44,722

)

Finance Lease Liabilities, long-term portion

 

 

(740

)

 

 

(1,280

)

Long-Term Debt

 

$

1,789,273

 

 

$

1,933,145

 

 

[*] As further discussed below, the exchange agreement included Tranche 3 Loans which were redeemed prior to December 31, 2022.