XML 43 R32.htm IDEA: XBRL DOCUMENT v3.20.1
Long-Term Debt (Tables)
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
The Company’s long-term debt consists of the following:
March 31, 2020December 31, 2019
 (In thousands)
Oasis Credit Facility$522,000  $337,000  
OMP Credit Facility487,500  458,500  
Senior unsecured notes
6.50% senior unsecured notes due November 1, 2021
43,601  71,835  
6.875% senior unsecured notes due March 15, 2022
834,466  890,980  
6.875% senior unsecured notes due January 15, 2023
307,728  351,953  
6.25% senior unsecured notes due May 1, 2026
395,122  400,000  
2.625% senior unsecured convertible notes due September 15, 2023
244,840  267,800  
Total principal of senior unsecured notes1,825,757  1,982,568  
Less: unamortized deferred financing costs on senior unsecured notes(13,475) (15,618) 
Less: unamortized debt discount on senior unsecured convertible notes(43,850) (50,877) 
Total long-term debt$2,777,932  $2,711,573  
The Fourth Amendment amended the applicable margins and commitment fee rates with respect to Alternate Based Rate (“ABR”) loans, Swingline loans and Eurodollar loans, based on the utilization of the total elected commitments under the Oasis Credit Facility, as follows:
Total Commitment Utilization PercentageApplicable Margin for ABR Loans or Swingline LoansApplicable Margin for Eurodollar LoansCommitment Fee Rates
Less than 25%
0.75 %2.25 %0.50 %
Greater than or equal to 25% but less than 50%
1.00 %2.50 %0.50 %
Greater than or equal to 50% but less than 75%
1.25 %2.75 %0.50 %
Greater than or equal to 75% but less than 90%
1.50 %3.00 %0.50 %
Greater than or equal to 90%
1.75 %3.25 %0.50 %