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Debt (Tables)
12 Months Ended
Dec. 31, 2015
Debt  
Schedule of debt

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

   

 

2015

   

2014

 

 

 

 

(In thousands)

 

Outstanding debt principal balances:

 

 

 

 

 

 

 

 

Facility

 

 

$

400,000

 

$

500,000

 

Senior Notes

 

 

 

525,000

 

 

300,000

 

Total

 

 

 

925,000

 

 

800,000

 

Unamortized issuance costs and discounts

 

 

 

(64,122)

 

 

(51,638)

 

Long-term debt 

 

 

$

860,878

 

$

748,362

 

 

Schedule of redemption prices (expressed as percentages of principal amount) of all or a part of the Senior Notes

 

 

 

 

 

Year

    

Percentage

 

On or after August 1, 2017, but before August 1, 2018

 

103.9

%

On or after August 1, 2018, but before August 1, 2019

 

102.0

%

On or after August 1, 2019 and thereafter

 

100.0

%

 

Schedule of estimated repayments of debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments Due by Year

 

 

    

2016

    

2017

    

2018

    

2019

    

2020

    

Thereafter

 

 

 

(In thousands)

 

Principal debt repayments(1)

 

$

 —

 

$

 —

 

$

 —

 

$

 —

 

$

185,714

 

$

739,286

 

 


(1)

Includes the scheduled principal maturities for the $525.0 million aggregate principal amount of Senior Notes issued in August 2014 and April 2015 and the Facility. The scheduled maturities of debt related to the Facility are based on the level of borrowings and the estimated future available borrowing base as of December 31, 2015. Any increases or decreases in the level of borrowings or increases or decreases in the available borrowing base would impact the scheduled maturities of debt during the next five years and thereafter.  As of December 31, 2015, there were no borrowings under the Corporate Revolver.

Schedule of interest and other financing costs, net

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

2015

    

2014

    

2013

 

 

(In thousands)

 

Interest expense

$

74,897

 

$

57,876

 

$

49,317

 

Amortization—deferred financing costs

 

10,324

 

 

10,548

 

 

11,054

 

Loss on extinguishment of debt

 

165

 

 

2,898

 

 

 —

 

Capitalized interest

 

(52,392)

 

 

(20,577)

 

 

(13,074)

 

Deferred interest

 

1,770

 

 

(3,562)

 

 

1,658

 

Interest income

 

(844)

 

 

(529)

 

 

(275)

 

Other, net

 

3,289

 

 

(1,106)

 

 

(1,090)

 

Interest and other financing costs, net

$

37,209

 

$

45,548

 

$

47,590