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Note 10 - Debt
9 Months Ended
Sep. 30, 2022
Notes to Financial Statements  
Debt Disclosure [Text Block]

(10)

DEBT

 

The following is a summary of all debt outstanding:

 

(In Thousands)

        
  

September 30, 2022

  

December 31, 2021

 

Senior secured bonds:

        

8.50% Senior Secured Notes due November 2026 (A) (B)

 $175,000  $175,000 

Debt discount and issuance costs

  (6,351)  (7,115)

Total long-term debt

 $168,649  $167,885 

 

 

(A)

As of September 30, 2022 and  December 31, 2021, the fair value (Level 2) of the Senior Secured Notes was $173.4 million and $177.6 million, respectively.

 

(B)

The $5.0 million restricted cash on the condensed consolidated balance sheet at September 30, 2022, represents the pro rata amount due for our next semiannual interest payment obligation. 

 

We also have a Super Senior Revolving Credit Facility Agreement maturing on November 16, 2026 that provides $25.0 million for general working capital purposes. No amounts have been drawn on this credit facility.