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Long-Term Debt and Other Borrowings | 3 Months Ended
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Mar. 31, 2015
Notes to Financial Statements [Abstract] |
Long-Term Debt and Other Borrowings | NOTE C – LONG-TERM DEBT AND OTHER BORROWINGS Long-term debt consists of the following:
|  |  | March 31, 2015 |  | December 31, 2014
|  |  | (In Thousands)
TETRA |  | Scheduled Maturity |  |  |
Bank revolving line of credit facility |  | September 30, 2019 | $ | 91,700 |  |  | $ | 90,000 |
5.90% Senior Notes, Series 2006-A |  | April 30, 2016 | 90,000 |  |  | 90,000 |
6.56% Senior Notes, Series 2008-B |  | April 30, 2015 | 90,000 |  |  | 90,000 |
5.09% Senior Notes, Series 2010-A |  | December 15, 2017 | 65,000 |  |  | 65,000 |
5.67% Senior Notes, Series 2010-B |  | December 15, 2020 | 25,000 |  |  | 25,000 |
4.00% Senior Notes, Series 2013 |  | April 29, 2020 | 35,000 |  |  | 35,000 |
Other |  |  | — |  |  | 74 |
TETRA Total debt |  |  | 396,700 |  |  | 395,074 |
Less current portion |  |  | (90,000 | ) |  | (90,074 | )
TETRA Total long-term debt |  |  | $ | 306,700 |  |  | $ | 305,000 |
CCLP |  |  |  |  |
CCLP Bank Credit Facility |  | August 4, 2019 | 208,000 |  |  | 195,000 |
CCLP 7.25% Senior Notes (presented net of unamortized discount of $5.0 million as of March 31, 2015 and December 31, 2014) |  | August 15, 2022 | 345,085 |  |  | 344,961 |
CCLP total long-term debt |  |  | 553,085 |  |  | 539,961 |
Consolidated total long-term debt |  |  | $ | 859,785 |  |  | $ | 844,961 |
We and CCLP are in compliance with all covenants and conditions of our respective debt agreements as of March 31, 2015. Our Senior Secured Notes On March 18, 2015, we entered into a Note Purchase Agreement (the "Note Purchase Agreement") with Wells Fargo Energy Capital, Inc., in its capacity as noteholder representative for the noteholders (the "Noteholder Representative"), and Wells Fargo Energy Capital, Inc., in its capacity as the sole initial purchaser. The Note Purchase Agreement relates to the issuance and sale of $50.0 million aggregate principal amount of Senior Secured Notes due April 1, 2017 (the "Senior Secured Notes"). On April 30, 2015, we completed the issuance and sale of the Senior Secured Notes in a private placement exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The proceeds from these Senior Secured Notes were used to provide a portion of the funds necessary to repay the $90.0 million principal amount repayment of the Series 2008-B Senior Notes that matured on April 30, 2015. The Senior Secured Notes are secured by our accounts receivable (excluding CCLP accounts receivable) and our limited partner interest in CCLP, and the related Note Purchase Agreement includes financial covenants consistent with those applicable to our existing bank revolving credit facility. The principal portion of each of the Senior Secured Notes consists of tranches that bear interest at LIBOR, as defined in the Note Purchase Agreement, plus an applicable margin ("LIBOR Tranches") and tranches that bear interest at the Base Rate plus an applicable margin ("Base Rate Tranches"), as we may request in accordance with the Note Purchase Agreement. The initial Senior Secured Note issued on the closing bears interest at LIBOR, plus an applicable margin. We may convert the LIBOR Tranche into a Base Rate Tranche in accordance with the Note Purchase Agreement. The Note Purchase Agreement contains customary covenants and default and cross-default provisions consistent with the agreements governing our other TETRA indebtedness.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: 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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