Annual report [Section 13 and 15(d), not S-K Item 405]

LONG-TERM DEBT (Tables)

v3.25.0.1
LONG-TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2024
LONG-TERM DEBT.  
Debt Instrument Redemption

The Company may redeem some or all of the 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

%

Schedule of Long-Term Debt

(In thousands)

December 31, 

2024

2023

Revolving Credit Facility(1)

$

27,000

$

27,000

8.25% Senior Secured Notes due 2028

450,000

450,000

Less: Unamortized debt issuance costs and discounts/premiums, net

(8,861)

(11,847)

$

468,139

$

465,153

__________

(1) On March 5, 2025, the Company entered into an amendment with Capital One to extend the Credit Facility’s maturity date from March 31, 2026 to January 1, 2027.

Schedule of future maturities

(In thousands)

Revolving Credit

Senior Secured

For Years ending December 31, 

    

Facility(1)

    

Notes due 2028

    

Total

2025

$

$

$

2026

 

 

 

2027

 

27,000

 

 

27,000

2028

 

 

450,000

 

450,000

2029

 

 

 

Thereafter

$

27,000

$

450,000

$

477,000

__________

(1) On March 5, 2025, the Company entered into an amendment with Capital One to extend the Credit Facility’s maturity date from March 31, 2026 to January 1, 2027.
Schedule of interest expense

Year Ended

(In thousands)

December 31, 

    

2024

    

2023

Interest expense (excluding bond fee amortization and discounts/premiums)

$

42,091

$

39,860

Amortization of debt issuance costs and discounts/premiums

 

2,987

 

2,793

Capitalized interest

 

(1,114)

 

(15,938)

Interest income and other

(763)

(3,738)

$

43,201

$

22,977