Prepetition Revolving Credit Facility, Senior Notes and Exit Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Summary of Senior Notes

At December 31, 2020, the Senior Notes were comprised of the following debt issues and were reported as “Liabilities subject to compromise” in the Predecessor’s Consolidated Balance Sheet (in thousands):

	Predecessor
	December 31,
	2020
3.45% Senior Notes due 2023	$	250,000
7.875% Senior Notes due 2025		500,000
5.70% Senior Notes due 2039		500,000
4.875% Senior Notes due 2043		750,000
Total Senior Notes, net	$	2,000,000

Summary of Carrying Value of Long-term Debt, Net of Unamortized Discount, Premium and Debt Issuance Costs

At December 31, 2021, the carrying value of the Successor long-term debt (or Exit Debt), net of unamortized discount, premium and debt issuance costs, was comprised as follows (in thousands):

	Successor
	December 31,
	2021
Borrowings under Exit RCF	$	83,478
Exit Term Loans		99,034
First Lien Notes		83,729
Total Exit Debt, net	$	266,241

Summary of Aggregate Annual Maturity of Exit Debt

As of December 31, 2021, the aggregate annual maturity of the Successor Exit Debt, excluding net unamortized premium and debt issuance costs of $0.8 million and $3.3 million, respectively, was as follows (in thousands):

	Aggregate Principal Amount
Year Ending December 31,
2022	$	—
2023		—
2024		—
2025		—
2026		83,478
Thereafter		185,321
Total maturities of long-term debt	$	268,799