Debt (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Summary of Detail Comprising Debt and Related Book Values

A summary of the detail comprising the Company’s debt and the related book values for the respective periods presented is as follows (in thousands):

	March 31, 2022			December 31, 2021
12.00% Second-Priority Senior Secured Notes – due January 2026	$	650,000		$	650,000
7.50% Senior Notes – due May 2022		6,060			6,060
Bank Credit Facility – matures November 2024(1)		340,000			375,000
Total debt, before discount and deferred financing cost		996,060			1,031,060
Discount and deferred financing cost		(64,919	)		(68,333	)
Total debt, net of discount and deferred financing costs(2)		931,141			962,727
Less: Current portion of long-term debt		6,060			6,060
Long-term debt, net of discount and deferred financing costs	$	925,081		$	956,667

(1)As of March 31, 2022, the Company had outstanding borrowings at a weighted average interest rate of 3.72%.

At March 31, 2022, the Company was in compliance with all debt covenants.