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Long-Term Debt (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2016
Dec. 31, 2015
Debt Disclosure [Abstract]    
Long-term Debt

At June 30, 2016, long-term debt was comprised of:

 

     (In thousands)  

7 34 % Senior Notes due 2019:

  

Principal

   $ 288,516   

Premium, net of amortization

     2,325   

Debt issue costs, net of amortization

     (2,464

9 12 % Senior Notes due 2020:

  

Principal

     174,607   

Discount, net of amortization

     (4,008

Debt issue costs, net of amortization

     (1,913

10% Senior Secured Notes due 2020:

  

Principal

     700,000   

Debt issue costs, net of amortization

     (11,873
  

 

 

 
   $ 1,145,190   
  

 

 

 

Long-term debt is comprised of the following:

 

     As of December 31,  
     2014      2015  
     (In thousands)  

Bank credit facility

   $ 375,000       $ —     

7 34% senior notes due 2019:

     

Principal

     400,000         376,090   

Premium, net of amortization

     4,984         3,583   

Debt issuance costs, net of amortization

     (5,266      (3,787

9 12% senior notes due 2020:

     

Principal

     300,000         194,367   

Discount, net of amortization

     (9,539      (5,040

Debt issuance costs, net of amortization

     (4,525      (2,396

10% senior secured notes due 2020:

     

Principal

     —           700,000   

Debt issuance costs, net of amortization

     —           (13,487
  

 

 

    

 

 

 
   $ 1,060,654       $ 1,249,330   
  

 

 

    

 

 

 
Principal Amount of Debt by Year of Maturity  

The following table summarizes Comstock’s principal amount of debt as of December 31, 2015 by year of maturity:

 

           2016                   2017                   2018                   2019                   2020              Thereafter       Total  
    (In thousands)  

Bank credit facility

  $ —        $ —        $ —        $ —        $ —        $ —        $ —     

7 34% senior notes

    —          —          —          376,090        —          —          376,090   

9 12% senior notes

    —          —          —          —          194,367        —          194,367   

10% senior secured notes

    —          —          —          —          700,000        —          700,000   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
  $           —        $           —        $           —        $    376,090      $    894,367      $           —        $ 1,270,457