Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Components of long-term debt

The table below reflects long-term debt and capital lease obligations outstanding as of December 31, 2019 and 2018:

	December 31,
In thousands	2019			2018
Senior Secured Bank Credit Agreement	$	—		$	—
9% Senior Secured Second Lien Notes due 2021	614,919			614,919
9¼% Senior Secured Second Lien Notes due 2022	455,668			455,668
7¾% Senior Secured Second Lien Notes due 2024	531,821			—
7½% Senior Secured Second Lien Notes due 2024	20,641			450,000
6⅜% Convertible Senior Notes due 2024	245,548			—
6⅜% Senior Subordinated Notes due 2021	51,304			203,545
5½% Senior Subordinated Notes due 2022	58,426			314,662
4⅝% Senior Subordinated Notes due 2023	135,960			307,978
Pipeline financings	167,439			180,073
Capital lease obligations	—			5,362
Total debt principal balance	2,281,726			2,532,207
Debt discount(1)	(101,767		)	—
Future interest payable(2)	164,914			250,218
Debt issuance costs	(10,009		)	(13,089		)
Total debt, net of debt issuance costs and discount	2,334,864			2,769,336
Less: current maturities of long-term debt(3)	(102,294		)	(105,125		)
Long-term debt and capital lease obligations	$	2,232,570		$	2,664,211

(1) Consists of discounts related to the issuance during June 2019 of our new 7¾% Senior Secured Second Lien Notes due 2024 (the “7¾% Senior Secured Notes”) and new 6⅜% Convertible Senior Notes due 2024 (the “2024 Convertible Senior Notes”) of $27.0 million and $74.8 million, respectively (see 2019 Debt Reduction Transactions below) as of December 31, 2019.

(2) Future interest payable represents most of the interest due over the terms of our 9% Senior Secured Second Lien Notes due 2021 (the “2021 Senior Secured Notes”) and 9¼% Senior Secured Second Lien Notes due 2022 (the “2022 Senior Secured Notes”) and has been accounted for as debt in accordance with FASC 470-60, Troubled Debt Restructuring by Debtors.

(3)

Our current maturities of long-term debt as of December 31, 2019 include $86.1 million of future interest payable related to the 2021 Senior Secured Notes and 2022 Senior Secured Notes that is due within the next twelve months.

Indebtedness repayable over the next five years and thereafter

At December 31, 2019, our indebtedness, including our financing lease obligations but excluding future interest payable treated as debt in accordance with FASC 470-60, Troubled Debt Restructuring by Debtors, is payable over the next five years and thereafter as follows (assuming our 2024 Convertible Senior Notes do not convert into shares of our common stock prior to maturity):

In thousands
2020	$	15,323
2021	683,562
2022	532,157
2023	155,293
2024	817,297
Thereafter	78,094
Total indebtedness	$	2,281,726