Debt (Tables)

6 Months Ended

Jun. 30, 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):

	June 30, 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
Bank Credit Facility – matures November 2024(1)		200,000			375,000
Total debt, before discount and deferred financing cost		850,000			1,031,060
Discount and deferred financing cost		(61,532	)		(68,333	)
Total debt, net of discount and deferred financing costs(2)		788,468			962,727
Less: Current portion of long-term debt		—			6,060
Long-term debt, net of discount and deferred financing costs	$	788,468		$	956,667

(1)As of June 30, 2022, the Company had outstanding borrowings at a weighted average interest rate of 4.85%.

(2)At June 30, 2022, the Company was in compliance with all debt covenants.