Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2017

The table below reflects long-term debt and capital lease obligations outstanding as of December 31, 2017 and 2016, and does not reflect transactions in the January 2018 exchange of $174.3 million of our existing senior subordinated notes for an aggregate $133.5 million of additional 9¼% Senior Secured Second Lien Notes due 2022 and new 5% Convertible Senior Notes due 2023 (see December 2017 and January 2018 Note Exchanges below):



	December 31,
In thousands	2017			2016
Senior Secured Bank Credit Agreement	$	475,000		$	301,000
9% Senior Secured Second Lien Notes due 2021	614,919			614,919
9¼% Senior Secured Second Lien Notes due 2022	381,568			—
3½% Convertible Senior Notes due 2024	84,650			—
6⅜% Senior Subordinated Notes due 2021	215,144			215,144
5½% Senior Subordinated Notes due 2022	408,882			772,912
4⅝% Senior Subordinated Notes due 2023	376,501			622,297
Other Senior Subordinated Notes, including premium of $0 and $3, respectively	—			2,253
Pipeline financings	192,429			202,671
Capital lease obligations	26,298			48,718
Total debt principal balance	2,775,391			2,779,914
Future interest payable ⁽¹⁾	316,818			228,825
Debt issuance costs	(7,935		)	(15,641		)
Total debt, net of debt issuance costs	3,084,274			2,993,098
Less: current maturities of long-term debt ⁽¹⁾	(105,188		)	(83,366		)
Long-term debt and capital lease obligations	$	2,979,086		$	2,909,732

(1)

Future interest payable represents most of the interest due over the term of our 9% Senior Secured Second Lien Notes due 2021 (the “2021 Senior Secured Notes”), 9¼% Senior Secured Second Lien Notes due 2022 (the “2022 Senior Secured Notes”) and 3½% Convertible Senior Notes due 2024 (the “2024 Convertible Senior Notes”), which has been accounted for as debt in accordance with FASC 470-60, Troubled Debt Restructuring by Debtors. Our current maturities of long-term debt as of December 31, 2017 include $75.3 million of future interest payable related to these notes that is due within the next twelve months. See December 2017 and January 2018 Note Exchanges below for further discussion.

Indebtedness repayable over the next five years and thereafter

Indebtedness Repayment Schedule

At December 31, 2017, our indebtedness, including our capital and financing lease obligations but excluding the discount and premium on our senior subordinated debt, is payable over the next five years and thereafter as follows:



In thousands
2018	$	29,841
2019	502,570
2020	16,283
2021	845,540
2022	808,733
Thereafter	572,424
Total indebtedness	$	2,775,391