Quarterly report pursuant to Section 13 or 15(d)

LONG-TERM DEBT (Tables)

v3.21.2
LONG-TERM DEBT (Tables)
6 Months Ended
Jun. 30, 2021
LONG-TERM DEBT.  
Schedule of Long-Term Debt, Related Discounts and Issuance Costs

(In thousands)

June 30, 

December 31, 

2021

2020

Revolving Credit Facility due 2026

$

$

Senior Secured Notes due 2028(1)

310,000

Senior Secured Notes due 2024(2)

106,825

Unsecured Loans (CARES Act)(3)

5,606

5,606

Less: Unamortized discounts and debt issuance costs

 

(9,072)

 

(5,173)

 

306,534

 

107,258

Less: Current portion of long-term debt

 

(1,173)

 

(426)

$

305,361

$

106,832

__________

(1) As of June 30, 2021, the estimated fair value of these notes was approximately $338.6 million. The fair value was estimated using quoted market prices for these notes.
(2) The estimated fair value for this non-traded debt instrument can be approximated by its respective carrying value because management believes its terms are representative of market conditions.
(3) The estimated fair value for this non-traded debt instrument can be approximated by its respective carrying value because of its similar terms to other CARES Act loans.
Debt Instrument Redemption

At any time on or after February 15, 2024, the Company may redeem some or all of the 2028 Notes for cash at the following redemption prices:

Redemption Periods

    

Percentage Premium

February 15, 2024 to February 14, 2025

 

104.125

%

February 15, 2025 to February 14, 2026

 

102.063

%

February 15, 2026 and Thereafter

100.000

%