Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2019

We had the following outstanding letters of credit at June 30, 2019 (dollars in thousands):



SemGroup $1.0 billion revolving credit facility	1.75%	$	27,335
SemGroup secured bi-lateral⁽¹⁾	1.75%	$	46,125
SemCAMS Midstream revolving credit facility	2.25%	$	22,909
SemCAMS Midstream secured bi-lateral ⁽¹⁾	1.75%	$	3,734

(1) Secured bi-lateral letters of credit are external to the SemGroup $1.0 billion revolving credit facility and the SemCAMS Midstream C$525 million (US$400.9 million at the June 30, 2019 exchange rate) revolving credit facility and do not reduce availability for borrowing on the credit facilities.

Our long-term debt consisted of the following (dollars in thousands):



	Interest rate at June 30, 2019	June 30, 2019		December 31, 2018
Senior unsecured notes due 2022	5.6250%	$	400,000	$	400,000
Senior unsecured notes due 2023	5.6250%	350,000		350,000
Senior unsecured notes due 2025	6.3750%	325,000		325,000



Senior unsecured notes due 2026	7.2500%	300,000			300,000
SemGroup $1.0 billion corporate revolving credit facility⁽¹⁾
Alternate base rate borrowings	—	—			24,500
Eurodollar borrowings	—	—			95,000
HFOTCO term loan B ⁽²⁾	5.1600%	594,000			597,000
HFOTCO tax exempt notes payable due 2050	3.3259%	225,000			225,000
SemCAMS Midstream term loan A⁽³⁾
Banker’s acceptance borrowings	4.5162%	267,262			—
Prime rate borrowings	5.2000%	5			—
SemCAMS Midstream C$525 million revolving credit facility⁽⁴⁾
Banker’s acceptance borrowings	4.5016%	61,090			—
Prime rate borrowings	5.2000%	33,599			—
SemCAMS Midstream KAPS Facility⁽⁵⁾	—	—			—
Unamortized premium (discount) and debt issuance costs, net		(32,377		)	(31,666		)
Total long-term debt, net		2,523,579			2,284,834
Less: current portion of long-term debt		12,682			6,000
Noncurrent portion of long-term debt, net		$	2,510,897		$	2,278,834


(1)	SemGroup $1.0 billion corporate revolving credit facility matures on March 15, 2021.


(2)	HFOTCO term loan B is due in quarterly installments of $1.5 million with a final payment due on June 26, 2025.


(3)	SemCAMS Midstream term loan A is due in quarterly installments of C$4.4 million beginning March 31, 2020 and increasing to C$6.6 million on March 31, 2022 with a final payment on February 25, 2024.


(4)	SemCAMS Midstream C$525 million (US$400.9 million at the June 30, 2019 exchange rate) revolving credit facility matures on February 25, 2024.


(5)	SemCAMS Midstream KAPS Facility matures on June 13, 2024.

- 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.

+ References

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+ Details