Debt (Tables)

12 Months Ended

Dec. 31, 2022

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


	December 31,
	2022		2021


ABL Credit Facility due 2025	$	—	$	—

7.75% Senior Secured Notes due 2025	281,000		296,000
Term Loan B due 2026	203,125		215,625
12.875% Senior Secured Notes due 2026	31,314		68,250








Principal amount of long-term debt	515,439		579,875
Less: unamortized discount and deferred financing costs	(9,907)		(15,317)
Total debt, net of unamortized discount and deferred financing costs	505,532		564,558
Less: current maturities, net of unamortized discount and deferred financing costs	(10,956)		(10,841)
Long-term debt, net of current maturities	$	494,576	$	553,717

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

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%