Corporate Debt (Tables)

12 Months Ended

Dec. 31, 2018

Corporate debt consists of the following (dollars in thousands):



	Successor				Predecessor
	December 31, 2018				December 31, 2017
	Amortized Cost		Weighted- Average Stated Interest Rate ⁽¹⁾		Amortized Cost		Weighted- Average Stated Interest Rate ⁽¹⁾
2018 Term Loan (unpaid principal balance of $961,356 at December 31, 2018)	$	933,402	8.52	%	$	—	—	%
Second Lien Notes (unpaid principal balance of $253,896 at December 31, 2018)	199,816		9.00	%	—		—	%
2013 Term Loan (unpaid principal balance of $1,229,590 at December 31, 2017)	—		—	%	1,214,663		5.31	%
Senior Notes (unpaid principal balance of $538,662 at December 31, 2017)	—		—	%	538,662		7.875	%
Convertible Notes (unpaid principal balance of $242,468 at December 31, 2017)	—		—	%	242,468		4.50	%
Subtotal	1,133,218				1,995,793
Less: Liabilities subject to compromise ⁽²⁾	—				781,130
Total corporate debt	$	1,133,218			$	1,214,663

__________


(1)	Represents the weighted-average stated interest rate, which may be different from the effective rate, which considers the amortization of discounts and issuance costs.


(2)	Liabilities subject to compromise consists of the Senior Notes and Convertibles Notes at December 31, 2017. Refer to Note 2 for additional information.

Schedule of Contractual Maturities of Corporate Debt

The following table provides the contractual maturities (by unpaid principal balance) of corporate debt at December 31, 2018 (in thousands):



	Successor
	Corporate Debt
2019	$	110,100
2020	60,000
2021	60,000
2022	731,256
Thereafter ⁽¹⁾	299,836
Total	$	1,261,192

__________


(1)	Amount includes projected PIK Interest on the Second Lien Notes of $45.9 million.

Schedule of Contractual Maturities of 2018 Term Loan

The Company is required to make quarterly payments on the 2018 Term Loan in the amounts listed below (in thousands):



	Successor
Repayment Date	Principal Amount
March 2019⁽¹⁾	$	10,000
June 2019	26,700
September 2019	36,700
December 2019	36,700
each March, June, September and December thereafter	15,000

__________


(1)	As a result of the DHCP Chapter 11 Cases discussed further in Note 31, the Company did not make the quarterly principal payment for March 2019.

- Definition

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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+ Details