Quarterly report pursuant to Section 13 or 15(d)

LONG-TERM DEBT (Tables)

v3.19.1
LONG-TERM DEBT (Tables)
 3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt, Related Discounts and Issuance Costs
Long-term debt, related discounts and issuance costs consist of the following:

(In thousands)
March 31,
2019
 
December 31, 2018
 
(Unaudited)
 
 
Senior Secured Notes
$
98,750

 
$
99,000

Less: Unamortized discounts and debt issuance costs
(3,620
)
 
(3,806
)
 
95,130

 
95,194

Less: Current portion of long-term debt
(1,000
)
 
(1,000
)
 
$
94,130

 
$
94,194

Debt Instrument Redemption
On or after February 2, 2019, the Company may redeem all or a part of the Notes plus the premium as set forth below, plus accrued and applicable unpaid interest:

Redemption Periods
 
Percentage Premium
On February 2, 2019 to February 1, 2020
 
2.0%
On February 2, 2020 to February 1, 2021
 
1.5%
On February 2, 2021 to February 1, 2022
 
0.5%
On or after February 2, 2022
 
—%