Quarterly report pursuant to Section 13 or 15(d)

LONG-TERM DEBT (Tables)

v3.19.3
LONG-TERM DEBT (Tables)
9 Months Ended
Sep. 30, 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, Unaudited)

 

September 30, 

 

December 31, 

 

 

2019

 

2018

Senior Secured Notes

 

$

108,200

 

$

99,000

Less: Unamortized discounts and debt issuance costs

 

 

(4,143)

 

 

(3,806)

 

 

 

104,057

 

 

95,194

Less: Current portion of long-term debt

 

 

(1,100)

 

 

(1,000)

 

 

$

102,957

 

$

94,194

 

Debt Instrument Redemption

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

 

 —

%