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Subsequent Events (Notes)
9 Months Ended
Sep. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
Subsequent Events
On October 12, 2017, we issued in a private placement $300 million aggregate principal amount of 8.00% Senior Notes due 2025 (New 2025 Notes) at 101.25% of par, plus accrued interest from July 15, 2017, and $550 million aggregate principal amount of 8.00% Senior Notes due 2027 (New 2027 Notes) at 99.75% of par, plus accrued interest from June 6, 2017. The New 2025 Notes are an additional issuance of our outstanding 8.00% Senior Notes due 2025, which we issued in December 2016 in an original aggregate principal amount of $1.0 billion. The New 2025 Notes issued and the previously issued senior notes due 2025 will be treated as a single class of notes under the indenture. The New 2027 Notes are an additional issuance of our outstanding 8.00% Senior Notes due 2027, which we issued in June 2017 in an original aggregate principal amount of $750 million. The New 2027 Notes issued and the previously issued senior notes due 2027 will be treated as a single class of notes under the indenture. Aggregate net proceeds from the issuance of the New 2025 Notes and New 2027 Notes, excluding the accrued interest received, were approximately $842 million.
On October 13, 2017, we used a portion of the net proceeds from the offering discussed above to finance $550 million in tender offers for certain of our senior notes. We repurchased approximately $320 million principal amount of our 8.00% Senior Secured Second Lien Notes due 2022 for $350 million plus accrued and unpaid interest, approximately $136 million principal amount of our 6.625% Senior Notes due 2020 for $141 million plus accrued and unpaid interest, approximately $51 million principal amount of our 6.875% Senior Notes due 2020 for $53 million plus accrued and unpaid interest, approximately $3 million principal amount of our 6.125% Senior Notes due 2021 for $3 million plus accrued and unpaid interest and approximately $3 million principal amount of our 5.375% Senior Notes due 2021 for $3 million plus accrued and unpaid interest.
In addition, in October 2017, we used additional proceeds from the issuances described above to repurchase approximately $237 million principal amount of our secured term loan due 2021 for $258 million.
On October 30, 2017, the administrative agent under our senior revolving credit facility, in addition to other lenders under the agreement, notified us that the borrowing base had been reaffirmed at $3.8 billion.