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Debt | 3 Months Ended
--- | ---
Mar. 31, 2018
Debt Disclosure [Abstract] |
DEBT | DEBT
| March 31, 2018 |  | December 31, 2017
In thousands | Current |  | Non-Current |  | Current |  | Non-Current
2024 Senior Notes, net(1) | $ | — |  |  | $ | 245,280 |  |  | $ | — |  |  | $ | 245,088 |
Revolving Credit Facility(2) | — |  |  | 115,000 |  |  | — |  |  | 100,000 |
Capital lease obligations | 17,040 |  |  | 36,704 |  |  | 16,559 |  |  | 35,481 |
Silvertip debt obligation | — |  |  | — |  |  | 14,194 |  |  | — |
| $ | 17,040 |  |  | $ | 396,984 |  |  | $ | 30,753 |  |  | $ | 380,569 |
(1) Net of unamortized debt issuance costs of $4.7 million and $4.9 million at March 31, 2018 and December 31, 2017, respectively. (2) Unamortized debt issuance costs of $1.8 million and $1.9 million at March 31, 2018 and December 31, 2017, respectively, included in Other Non-Current Assets. 5.875% Senior Notes due 2024 In May 2017, the Company completed an offering of $250.0 million in aggregate principal amount of 2024 Senior Notes in a private placement conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, for net proceeds of approximately $245.0 million. The 2024 Senior Notes bear interest at a rate of 5.875% per year from the date of issuance. Interest on the 2024 Senior Notes is payable semi-annually in arrears on June 1 and December 1 of each year. The 2024 Senior Notes will mature on June 1, 2024 and are fully and unconditionally guaranteed by the Guarantors. Revolving Credit Facility In September 2017, the Company, as borrower, and certain subsidiaries of the Company, as guarantors, entered into a Credit Agreement (the “Credit Agreement”) with Bank of America, N.A, Royal Bank of Canada, Bank of Montreal, and the Bank of Nova Scotia. The Credit Agreement provides for a $200.0 million senior secured revolving credit facility (the “Facility”), which may be increased by up to $50.0 million in incremental loans and commitments subject to the terms of the Credit Agreement. The Facility has a term of four years. Loans under the Facility will bear interest at a rate equal to either a base rate plus a margin ranging from 1.00% to 1.75% or an adjusted LIBOR rate plus a margin ranging from 2.00% to 2.75%, as selected by the Company, in each case, with such margin determined in accordance with a pricing grid based upon the Company’s consolidated net leverage ratio as of the end of the applicable period. At March 31, 2018, the Company had $73.0 million available under the Facility; $15.0 million was drawn to repay the third-party debt obligation at Silvertip, $100.0 million was drawn to partially fund the Silvertip acquisition in 2017, and $12.0 million currently supports outstanding letters of credit. At March 31, 2018, the interest rate of the Facility was 4.1%. Silvertip Debt Obligation The Company assumed an existing third-party debt obligation as part of the Silvertip acquisition. In February 2018, the Company voluntarily terminated and repaid the remaining debt obligation of $12.6 million. Capital Lease Obligations From time to time, the Company acquires mining equipment under capital lease agreements. In the three months ended March 31, 2018, the Company entered into new lease financing arrangements primarily for mining equipment at Rochester and Kensington. All capital lease obligations are recorded, upon lease inception, at the present value of future minimum lease payments. Interest Expense
| Three months ended March 31,
In thousands | 2018 |  | 2017
2024 Senior Notes | $ | 3,673 |  |  | $ | — |
2021 Senior Notes | — |  |  | 3,504 |
Revolving Credit Facility | 1,152 |  |  | — |
Capital lease obligations | 524 |  |  | 306 |
Amortization of debt issuance costs | 325 |  |  | 166 |
Accretion of debt premium | — |  |  | (43 | )
Accretion of Silvertip contingent consideration | 324 |  |  | — |
Other debt obligations | 107 |  |  | 9 |
Capitalized interest | (140 | ) |  | (363 | )
Total interest expense, net of capitalized interest | $ | 5,965 |  |  | $ | 3,579 |

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- Definition The entire disclosure for debt and capital lease obligations can be reported. Information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Also includes descriptions and amounts of capital leasing arrangements that consist of direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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- References No definition available. + Details
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