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Long-Term Debt | 6 Months Ended
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Jun. 30, 2016
Debt Disclosure [Abstract] |
Long-Term Debt | 7. Long-Term Debt Long-term debt consisted of the following (in thousands):
| June 30, 2016 |  | December 31, 2015
Revolving credit facility due November 2020 | $ | 152,500 |  |  | $ | 166,500 |
Partnership’s revolving credit facility due May 2018 | 578,500 |  |  | 580,500 |
Partnership’s term loan facility due May 2018 | 150,000 |  |  | 150,000 |
Less: Deferred financing costs, net of amortization | (477 | ) |  | (602 | )
| 149,523 |  |  | 149,398 |
Partnership’s 6% senior notes due April 2021 | 350,000 |  |  | 350,000 |
Less: Debt discount, net of amortization | (3,543 | ) |  | (3,862 | )
Less: Deferred financing costs, net of amortization | (4,882 | ) |  | (5,396 | )
| 341,575 |  |  | 340,742 |
Partnership’s 6% senior notes due October 2022 | 350,000 |  |  | 350,000 |
Less: Debt discount, net of amortization | (4,379 | ) |  | (4,673 | )
Less: Deferred financing costs, net of amortization | (5,177 | ) |  | (5,585 | )
| 340,444 |  |  | 339,742 |
Long-term debt | $ | 1,562,542 |  |  | $ | 1,576,882 |
Archrock Revolving Credit Facility In October 2015, in connection with the Spin-off, we entered into a five-year, $350.0 million revolving credit facility (the “Credit Facility”). Our ability to borrow under the Credit Facility was subject to the satisfaction of certain conditions precedent, including (i) the payoff and termination of our former credit facility and (ii) the consummation of the Spin-off on or before January 4, 2016 (the date on which those conditions are satisfied is referred to as the “Archrock Initial Availability Date”). On November 3, 2015, we terminated our former credit facility, repaid $326.5 million in borrowings and accrued and unpaid interest outstanding on the repayment date and completed the Spin-off. Accordingly, the Archrock Initial Availability Date was November 3, 2015, and the Credit Facility will mature in November 2020. As of June 30, 2016, we had $152.5 million in outstanding borrowings and $10.0 million in outstanding letters of credit under the Credit Facility. At June 30, 2016, taking into account guarantees through letters of credit, we had undrawn and available capacity of $187.5 million under the Credit Facility. The Partnership Revolving Credit Facility and Term Loan In February 2015, the Partnership amended its senior secured credit agreement (the “Partnership Credit Agreement”), which among other things, increased the borrowing capacity under its revolving credit facility by $250.0 million to $900.0 million. In May 2016, the Partnership further amended its Partnership Credit Agreement to, among other things, decrease the borrowing capacity under its revolving credit facility by $75.0 million to $825.0 million. Prior to this amendment, the Partnership was able to increase the aggregate commitments under the Partnership Credit Agreement by up to an additional $50 million subject to certain conditions, including the approval of the lenders. As a result of this amendment and subject to certain conditions, including the approval of the lenders, the Partnership is able to increase the aggregate commitments under the Partnership Credit Agreement by up to an additional $125 million. During the six months ended June 30, 2016 and 2015, the Partnership incurred transaction costs of $1.7 million and $1.3 million, respectively, related to these amendments of the Partnership Credit Agreement. These costs were included in intangible and other assets, net, and are being amortized to interest expense over the term of the facility. The Partnership Credit Agreement, which matures in May 2018, also includes a $150.0 million term loan facility. As of June 30, 2016, the Partnership had undrawn and available capacity of $246.5 million under its revolving credit facility.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -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=6877327&loc=d3e13212-122682 + Details
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