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DEBT (Tables)
6 Months Ended
Jun. 30, 2017
DEBT  
Schedule of long-term debt

        Long-term debt as of June 30, 2017 (Successor) and December 31, 2016 (Successor), consisted of the following (in thousands):

                                                                                                                                                                                    

 

 

Successor

 

 

 

June 30,
2017

 

December 31,
2016

 

Senior revolving credit facility

 

$

153,000

 

$

186,000

 

8.625% senior secured second lien notes due 2020(1)

 

 

 

 

672,613

 

12.0% senior secured second lien notes due 2022(2)

 

 

106,521

 

 

106,040

 

6.75% senior notes due 2025(3)

 

 

834,027

 

 

 

​  

​  

​  

​  

 

 

$

1,093,548

 

$

964,653

 

​  

​  

​  

​  

​  

​  

​  

​  


(1)

On February 16, 2017, the Company repurchased approximately 41% of the outstanding aggregate principal amount of its 2020 Second Lien Notes with proceeds from the issuance of new 6.75% senior unsecured notes due 2025. The remaining aggregate principal amount was redeemed on March 20, 2017. Amount was net of a $27.4 million unamortized discount at December 31, 2016 (Successor). Refer to "8.625% Senior Secured Second Lien Notes" below for further details. 

(2)

Amounts are net of a $6.3 million and $6.8 million unamortized discount at June 30, 2017 (Successor) and December 31, 2016 (Successor), respectively. 

(3)

On February 16, 2017, the Company issued $850.0 million aggregate principal amount of new 6.75% senior unsecured notes due 2025. Amount is net of $16.0 million unamortized debt issuance costs at June 30, 2017 (Successor). Refer to "6.75% Senior Notes" below for further details.

 

Schedule of percentages of principal amount at which notes may be redeemed, by applicable redemption dates

                                                                                                                                                                                    

Year

 

Percentage

 

2020

 

 

105.063

 

2021

 

 

103.375

 

2022

 

 

101.688

 

2023 and thereafter

 

 

100.000