Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Components of Long-Term Debt

The table below reflects long-term debt outstanding as of the dates indicated:

	March 31,			December 31,
In thousands	2020			2019
Senior Secured Bank Credit Agreement	$	—		$	—
9% Senior Secured Second Lien Notes due 2021	584,709			614,919
9¼% Senior Secured Second Lien Notes due 2022	455,668			455,668
7¾% Senior Secured Second Lien Notes due 2024	531,821			531,821
7½% Senior Secured Second Lien Notes due 2024	20,641			20,641
6⅜% Convertible Senior Notes due 2024	245,548			245,548
6⅜% Senior Subordinated Notes due 2021	51,304			51,304
5½% Senior Subordinated Notes due 2022	58,426			58,426
4⅝% Senior Subordinated Notes due 2023	135,960			135,960
Pipeline financings	163,748			167,439
Total debt principal balance	2,247,825			2,281,726
Debt discount(1)	(97,873		)	(101,767		)
Future interest payable(2)	143,749			164,914
Debt issuance costs	(9,505		)	(10,009		)
Total debt, net of debt issuance costs and discount	2,284,196			2,334,864
Less: current maturities of long-term debt(3)	(98,212		)	(102,294		)
Long-term debt	$	2,185,984		$	2,232,570

(1) Consists of discounts related to our 7¾% Senior Secured Second Lien Notes due 2024 and 6⅜% Convertible Senior Notes due 2024 of $25.7 million and $72.2 million, respectively, as of March 31, 2020.

(2) Future interest payable represents most of the interest due over the terms of our 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 March 31, 2020 include $83.8 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.