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DEBT (Tables)

9 Months Ended

Sep. 30, 2019

DEBT

Schedule of debt

As of September 30, 2019 and December 31, 2018, the Company’s debt consisted of the following (in thousands):


		September 30,			December 31,
		2019			2018
Debtor-in-possession credit facility (1)		$	35,000		$	—
Senior revolving credit facility(1)			223,234			—
6.75% senior notes due 2025(2)			—			613,105
		$	258,234		$	613,105

(1)

Borrowings under the Company’s credit facilities as of September 30, 2019 were classified as current liabilities. See Note 2, “Reorganization,” for more details.

(2)

The Company's 6.75% senior notes due 2025 were classified as “Liabilities subject to compromise” and the remaining unamortized discount, premium and debt issuance costs were written off to “Reorganization items” as of the Petition Date. Amount includes a $7.2 million unamortized discount at December 31, 2018 associated with the 2025 Notes. Amount includes a $5.4 million unamortized premium at December 31, 2018 associated with the Additional 2025 Notes. Additionally, these amounts are net of $10.1 million unamortized debt issuance costs at December 31, 2018. Refer to Note 1, “Financial Statement Presentation” and “6.75% Senior Notes” below for further details.

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.

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