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Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Consolidated Debt Obligations

Our consolidated debt obligations consisted of the following at the dates indicated:

 

 

December 31,

 

 

December 31,

 

 

2019

 

 

2018

 

 

(In thousands)

 

Revolving Credit Facility (1)

$

285,000

 

 

$

294,000

 

Long-term debt

$

285,000

 

 

$

294,000

 

 

 

(1)

The carrying amount of our Revolving Credit Facility and Emergence Credit Facility approximates fair value because the interest rates are variable and reflective of market rates.

Summary of Weighted-Average Interest Rates Paid on Variable-Rate Debt Obligations

The following table presents the weighted-average interest rates paid on variable-rate debt obligations for the periods presented:

 

 

 

 

 

 

Successor

 

 

 

Predecessor

 

 

For the

 

 

For the

 

 

Period from

 

 

 

Period from

 

 

Year Ended

 

 

Year Ended

 

 

May 5, 2017

 

 

 

January 1, 2017

 

 

December 31,

 

 

December 31,

 

 

through

 

 

 

through

 

 

2019

 

 

2018

 

 

December 31, 2017

 

 

 

May 4, 2017

 

Revolving Credit Facility

4.76%

 

 

4.96%

 

 

n/a

 

 

 

n/a

 

Emergence Credit Facility

n/a

 

 

5.75%

 

 

5.08%

 

 

 

n/a

 

Predecessor's revolving credit facility

n/a

 

 

n/a

 

 

n/a

 

 

 

4.18%