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LONG-TERM DEBT (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Outstanding Debt

Total debt consisted of the following at the dates indicated (in thousands):

 

 

 

June 30, 2022

 

 

December 31, 2021

 

8.500% Senior Secured Notes due 2029

 

$

400,000

 

 

$

400,000

 

Insurance and vehicle financing

 

 

2,866

 

 

 

762

 

Less deferred financing costs, net of accumulated amortization

 

 

(10,257

)

 

 

(10,599

)

Total debt

 

 

392,609

 

 

 

390,163

 

Less current maturities

 

 

(2,576

)

 

 

(762

)

Total long-term debt

 

$

390,033

 

 

$

389,401

 

Schedule of Redemption Prices Percentage of Principal Amount

The 2029 Notes are redeemable at the Company’s option, in whole or in part, on and after May 15, 2024 at the redemption prices (expressed as percentages of principal amount) set forth below, plus any accrued and unpaid interest, if any, to, but excluding, the redemption date.

 

On or after May 15, 2024 and prior to May 15, 2025

 

104.250%

On or after May 15, 2025 and prior to May 15, 2026

 

102.125%

On or after May 15, 2026

 

100.000%