The Company’s long-term debt obligations as of September 30, 2024 and December 31, 2023 were as follows (in thousands):


	September 30, 2024			December 31, 2023
Guaranteed Notes	$	90,000		$	90,000
New Convertible Notes		35,000			35,000
2023 SMFH Credit Facility		109,800			118,950
Sea-Cat Crewzer III Term Loan Facility		11,752			14,227
SEACOR Delta Shipyard Financing		61,979			68,647
SEACOR Alpine Credit Facility		22,660			26,200
Total principal due for long-term debt		331,191			353,024
Current portion due within one year		(28,605	)		(28,365	)
Unamortized debt discount		(26,905	)		(32,885	)
Deferred financing costs		(3,356	)		(4,230	)
Long-term debt, less current portion	$	272,325		$	287,544

As of September 30, 2024, the Company was in compliance with all debt covenants and lender requirements.

Letters of Credit. As of September 30, 2024, the Company had outstanding letters of credit of $0.4 million securing lease obligations, labor and performance guaranties.