Debt and Credit Agreements

6 Months Ended

Jun. 30, 2021

The Company’s debt and credit agreements consisted of the following:


(In thousands)	June 30, 2021		December 31, 2020
6.51% weighted-average senior notes	$	37,000	$	37,000
5.58% weighted-average senior notes(1)	87,000		175,000
3.65% weighted-average senior notes(2)	925,000		925,000

Unamortized debt issuance costs	(2,684)		(3,076)
	$	1,046,316	$	1,133,924

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(1)Includes $88.0 million of current portion of long-term debt at December 31, 2020, which the Company repaid in January 2021.

(2)Includes $100.0 million of current portion of long-term debt at June 30, 2021 and December 31, 2020 due in September 2021.

At June 30, 2021, the Company was in compliance with all financial and other covenants applicable to its revolving credit facility and senior notes.

Revolving Credit Agreement

The borrowing base under the terms of the Company's revolving credit facility is redetermined annually in April. In addition, either the Company or the banks may request an interim redetermination twice a year or in connection with certain acquisitions or divestitures of oil and gas properties. Effective April 21, 2021, the borrowing base and available commitments were reaffirmed at $3.2 billion and $1.5 billion, respectively.

On June 17, 2021, the Company entered into an amendment to the credit agreement relating to its revolving credit facility to, among other things, remove the requirement that certain of the Company’s restricted subsidiaries become guarantors under the credit agreement, expand the permissible indebtedness that may be held or incurred by a restricted subsidiary and make certain other changes to permit the Company and Cimarex to complete the Merger. The effectiveness of the credit agreement amendment is conditioned upon, among other things, the completion of the Merger.

At June 30, 2021, the Company had no borrowings outstanding under its revolving credit facility and had unused commitments of $1.5 billion.