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DEBT (Tables)

3 Months Ended

Mar. 31, 2021

Debt for the Partnership at March 31, 2021 and December 31, 2020, follows:

	March 31, 2021			December 31, 2020
	(In thousands)
Revolving Credit Facility: Summit Holdings' variable rate senior secured Revolving Credit Facility due May 13, 2022	$	802,000		$	857,000
Permian Transmission Credit Facility: Permian Transmissions' variable rate senior secured Credit Facility due March 8, 2028		17,500			—
Less: unamortized debt issuance costs ⁽¹⁾		(5,105	)		—
2022 Senior Notes: Summit Holdings' 5.5% senior unsecured notes due August 15, 2022		234,047			234,047
Less: unamortized debt issuance costs ⁽¹⁾		(725	)		(859	)
2025 Senior Notes: Summit Holdings' 5.75% senior unsecured notes due April 15, 2025		259,463			259,463
Less: unamortized debt issuance costs ⁽¹⁾		(2,262	)		(2,325	)
Total debt		1,304,918			1,347,326
Less: current portion		—			—
Total long-term debt	$	1,304,918		$	1,347,326

⁽¹⁾ Issuance costs are being amortized over the life of the notes.

- 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