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Long-Term Debt | 3 Months Ended
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Mar. 31, 2015
Debt Disclosure [Abstract] |
Long-Term Debt | Note 8: Long-Term Debt Our long-term debt consists of the following:
|  | March 31, 2015 |  |  | December 31, 2014 |
|  | (In Thousands) |
Working Capital Revolver Loan (A) |  | $ | — |  |  | $ | — |
7.75% Senior Secured Notes due 2019 (B) |  |  | 425,000 |  |  |  | 425,000 |
Secured Promissory Note due 2016, with a current interest rate of 3.26% |  |  | 21,091 |  |  |  | 22,814 |
Other, with a current weighted-average interest rate of 4.34%, most of which is secured primarily by machinery and equipment |  |  | 9,645 |  |  |  | 9,504 |
|  |  | 455,736 |  |  |  | 457,318 |
Less current portion of long-term debt |  |  | 25,499 |  |  |  | 10,680 |
Long-term debt due after one year |  | $ | 430,237 |  |  | $ | 446,638 |
(A) | Pursuant to the terms of the Working Capital Revolver Loan, the Borrowers may borrow on a revolving basis up to $100.0 million, based on specific percentages of eligible accounts receivable and inventories. As of March 31, 2015, the amount available for borrowing under the Working Capital Revolver Loan was approximately $75.6 million. In addition, the Working Capital Revolver Loan and the Senior Secured Notes are cross collateralized as discussed in (B) below. The Working Capital Revolver Loan will mature on April 13, 2018.
(B) | The 7.75% Senior Secured Notes due 2019 bear interest at the rate of 7.75% per year and mature on August 1, 2019. Interest is to be paid semiannually on February 1st and August 1st. The Senior Secured Notes are general senior secured obligations of LSB. The Senior Secured Notes are jointly and severally and fully and unconditionally guaranteed by all of LSB’s current wholly-owned subsidiaries, with all of the guarantees, except two, being senior secured guarantees and two being senior unsecured guarantees. The Senior Secured Notes rank equally in right of payment to all of LSB and the guarantors’ existing and future senior secured debt, including the Working Capital Revolver Loan discussed above, and are senior in right of payment to all of LSB and the guarantors’ future subordinated indebtedness. LSB does not have independent assets or operations.

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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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
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