XML 61 R47.htm IDEA: XBRL DOCUMENT
v3.20.4

Long-Term Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The Company’s long-term debt consists of the following (in thousands):
| Successor |  |  | Predecessor
| December 31, 2020 |  |  | December 31, 2019
Predecessor Credit Facility | $ | — |  |  |  | $ | 337,000 |
Oasis Credit Facility | 260,000 |  |  |  | — |
OMP Credit Facility | 450,000 |  |  |  | 458,500 |
Senior unsecured notes |  |  |  |
6.50% senior unsecured notes due November 1, 2021 | — |  |  |  | 71,835 |
6.875% senior unsecured notes due March 15, 2022 | — |  |  |  | 890,980 |
6.875% senior unsecured notes due January 15, 2023 | — |  |  |  | 351,953 |
6.25% senior unsecured notes due May 1, 2026 | — |  |  |  | 400,000 |
2.625% senior unsecured convertible notes due September 15, 2023 | — |  |  |  | 267,800 |
Total principal of senior unsecured notes | — |  |  |  | 1,982,568 |
Less: unamortized deferred financing costs on senior unsecured notes | — |  |  |  | (15,618) |
Less: unamortized debt discount on senior unsecured convertible notes | — |  |  |  | (50,877) |
Total long-term debt | $ | 710,000 |  |  |  | $ | 2,711,573 |
Schedule of Long-Term Debt Interest Rate | As of December 31, 2020, any outstanding Eurodollar and ABR loans would have borne their respective interest rates plus the applicable margin indicated in the following table:
Total Commitment Utilization Percentage | Applicable Margin for Eurodollar Loans |  | Applicable Margin for ABR Loans
Less than 25% | 2.000 | % |  | 3.000 | %
Greater than or equal to 25% but less than 50% | 2.250 | % |  | 3.250 | %
Greater than or equal to 50% but less than 75% | 2.500 | % |  | 3.500 | %
Greater than or equal to 75% but less than 90% | 2.750 | % |  | 3.750 | %
Greater than or equal to 90% | 3.000 | % |  | 4.000 | %
Consolidated Total Leverage Ratio | Applicable Margin for Eurodollar Loans |  | Applicable Margin for ABR Loans |  | Commitment Fee Rate
Less than or equal to 3.00 to 1.00 | 1.75 | % |  | 0.75 | % |  | 0.375 | %
Greater than 3.00 to 1.00 but less than or equal to 3.50 to 1.00 | 2.00 | % |  | 1.00 | % |  | 0.375 | %
Greater than 3.50 to 1.00 but less than or equal to 4.00 to 1.00 | 2.25 | % |  | 1.25 | % |  | 0.500 | %
Greater than 4.00 to 1.00 but less than or equal to 4.50 to 1.00 | 2.50 | % |  | 1.50 | % |  | 0.500 | %
Greater than 4.50 to 1.00 | 2.75 | % |  | 1.75 | % |  | 0.500 | %

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration