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

9 Months Ended

Sep. 30, 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 unaudited Condensed 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 September 30, 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
	September 30,
	2021
Borrowings under Exit RCF	$	123,478
Exit Term Loans		98,995
Exit Notes		83,672
Total Exit Debt, net	$	306,145

Summary of Aggregate Annual Maturity of Exit Debt

As of September 30, 2021, the aggregate annual maturity of the Successor Exit Debt, excluding net unamortized premium and debt issuance costs of $0.8 million and $3.5 million, respectively, was as follows (in thousands):

	Aggregate Principal Amount
Year Ending December 31,
2021	$	—
2022		—
2023		—
2024		—
2025		—
Thereafter		308,799
Total maturities of long-term debt	$	308,799