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Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of long-term debt
Long-term debt at June 30, 2020 and December 31, 2019 consisted of the following:
(Thousands of Dollars)
June 30,
2020		December 31,
2019
2018 Term Loan Facility
$343,000  $344,750  
Less: Unamortized debt discount and debt issuance costs
(6,322) (7,127) 
Total debt, net of unamortized debt discount and debt issuance costs
336,678  337,623  
Less: Current portion
(2,303) (2,311) 
Long-term debt, net of unamortized debt discount and debt issuance costs
$334,375  $335,312  
Schedule of line of credit facilities
Below is a summary of the Company’s credit facilities outstanding as of June 30, 2020:
(Thousands of Dollars)
2019 ABL Facility2018 Term Loan Facility
Original facility size
$450,000  $350,000  
Outstanding balance
$—  $343,000  
Letters of credit issued
$28,874  $—  
Available borrowing base commitment
$93,409  
n/a
Interest Rate(1)
LIBOR or base rate plus applicable margin
LIBOR or base rate plus applicable margin
Maturity Date
October 31, 2024
May 25, 2025
(1) London Interbank Offer Rate (“LIBOR”) is subject to a 1.00% floor
Schedule of maturities of long-term debt Maturities of the 2018 Term Loan Facility for the next five years are presented below:
(Thousands of Dollars)
Year-end December 31,
2020$1,750  
20213,500  
20223,500  
20233,500  
20243,500  
$15,750