Debt (Tables)

12 Months Ended

Dec. 31, 2021

The following table summarizes our outstanding debt (in thousands):


	December 31,
	2021		2020

5.00% Convertible Senior Notes due 2021	$	—	$	48,665
ABL Credit Facility due 2022	—		—
Retail Property Term Loan due 2024	—		42,494
7.75% Senior Secured Notes due 2025	296,000		300,000
Term Loan B due 2026	215,625		228,125
12.875% Senior Secured Notes due 2026	68,250		105,000
Mid Pac Term Loan due 2028	—		1,399
PHL Term Loan due 2030	—		5,840






Principal amount of long-term debt	579,875		731,523
Less: unamortized discount and deferred financing costs	(15,317)		(22,930)
Total debt, net of unamortized discount and deferred financing costs	564,558		708,593
Less: current maturities, net of unamortized discount and deferred financing costs	(10,841)		(59,933)
Long-term debt, net of current maturities	$	553,717	$	648,660

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

The applicable margins for the ABL Credit Facility and advances under the ABL Revolver are as specified below:


Level	Arithmetic Mean of Daily Availability (as a percentage of the borrowing base)	Applicable Margin for LIBOR Loans and Base Rate Loans Subject to LIBOR Daily Floating Rate	Applicable Margin for Base Rate Loans Subject to the Prime Rate
1	>50%	1.75%	0.75%
2	>30% but ≤50%	2.00%	1.00%
3	≤30%	2.25%	1.25%

Under the ABL Loan Agreement, the applicable margins for the ABL Credit Facility and advances under the ABL Revolver are as specified below:


Level	Arithmetic Mean of Daily Availability (as a percentage of the borrowing base)	Term SOFR Loans	Base Rate Loans
1	>50%	1.25%	0.25%
2	>30% but ≤50%	1.50%	0.50%
3	≤30%	1.75%	0.75%