Debt (Tables)

12 Months Ended

Dec. 31, 2016

The following table summarizes our outstanding debt as of December 31, 2016 and 2015 (in thousands):



	December 31,
	2016			2015
Hawaii Retail Credit Facilities (1)	$	95,319		$	110,000
5% Convertible Senior Notes due 2021	115,000			—
Term Loan	60,361			60,119
Par Wyoming Holdings Term Loan	67,325			—
Wyoming Refining Senior Secured Term Loan	55,715			—
Wyoming Refining Senior Secured Revolver	6,700			—
Principal amount of long-term debt	400,420			170,119
Less: unamortized discount and deferred financing costs	(30,024		)	(4,907		)
Total debt, net of unamortized discount and deferred financing costs	370,396			165,212
Less: current maturities	(20,286		)	(11,000		)
Long-term debt, net of current maturities	$	350,110		$	154,212

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(1)	Represents credit agreement with KeyBank (formerly the "Keybank Credit Agreement").

Contractual Obligation, Fiscal Year Maturity Schedule

Annual maturities of our long-term debt for the next five years and thereafter are as follows (in thousands):



Year Ended	Amount Due
2017	$	20,286
2018	124,490
2019	11,000
2020	11,000
2021	193,325
Thereafter	40,319
Total	$	400,420

Schedule Of Applicable Margin For Debt Instrument

The applicable margins for the Hawaii Retail Term Loans and advances under the Hawaii Retail Revolving Credit Facilities are as specified below:



		Applicable Margin for	Applicable Margin for
Level	Leverage Ratio	Base Rate Loans	Eurodollar Loans
1	< 3.00x	1.50%	2.50%
2	3.00x - 3.50x	1.75%	2.75%
3	3.50x - 4.00x	2.00%	3.00%
4	> 4.00x	2.25%	3.25%

HIE Retail Credit Agreement

Debt Instrument [Line Items]

Schedule Of Leverage Ratio

Pursuant to the Hawaii Retail Credit Facilities, we are required to comply with various affirmative and negative covenants affecting our business and operations, including compliance with an interest coverage ratio of less than 2.50 to 1.00, a debt service coverage ratio of less than 1.25 to 1.00 and a maximum leverage ratio, calculated on a trailing four-quarters basis, determined as follows:



Period (fiscal quarters)		Maximum Leverage Ratio
December 31, 2015 — December 31, 2017		4.50 to 1.00
March 31, 2018 — December 31, 2018		4.25 to 1.00
March 31, 2019 and each fiscal quarter-end thereafter		4.00 to 1.00