INDEBTEDNESS (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Debt Outstanding Based On Stated Maturities

The following table summarizes debt outstanding based on stated maturities:

	December 31,			December 31,
(In thousands)	2019			2018
Secured notes:
8.00% Secured notes due August 2022	$	224,793			349,954
Troms Offshore borrowings:
NOK denominated notes due May 2024		10,260			12,241
NOK denominated notes due January 2026		20,788			22,988
USD denominated notes due January 2027		20,273			22,116
USD denominated notes due April 2027		21,545			24,157
		297,659			431,456
Debt premium and discount, net		(8,725	)		7,548
Less: Current portion of long-term debt		(9,890	)		(8,568	)
Total long-term debt	$	279,044			430,436

Debt Costs

Interest and debt costs incurred, net of interest capitalized are as follows:

	Successor						Predecessor
					Period from		Period from
	Year		Year		August 1, 2017		April 1, 2017
	Ended		Ended		through		through
(In thousands)	December 31, 2019		December 31, 2018		December 31, 2017		July 31, 2017
Interest and debt costs incurred, net of interest capitalized	$	29,068	$	30,439		13,009		11,179
Interest costs capitalized		—		521		101		601
Total interest and debt costs	$	29,068	$	30,960		13,110		11,780

Troms Offshore Supply AS

Summary of Debt Outstanding Based On Stated Maturities

A summary of NOK denominated Troms Offshore borrowings outstanding and their U.S. dollar equivalents is as follows:

	December 31,		December 31,
(In thousands)	2019		2018
Notes due January 2026
NOK denominated		181,250		200,000
U.S. dollar equivalent	$	20,788	$	22,988
Fair value in U.S. dollar equivalent (Level 2)		20,792		22,988
Notes due May 2024
NOK denominated		89,460		106,500
U.S. dollar equivalent	$	10,260	$	12,241
Fair value in U.S. dollar equivalent (Level 2)		10,259		12,239

Schedule of Aggregate Amount of Senior Unsecured Notes Outstanding

A summary of U.S. dollar denominated Troms Offshore borrowings outstanding is as follows:

	December 31,		December 31,
(In thousands)	2019		2018
Notes due April 2027
Amount outstanding	$	21,545		24,157
Fair value of debt outstanding (Level 2)		21,546		24,157
Notes due January 2027
Amount outstanding	$	20,273		22,116
Fair value of debt outstanding (Level 2)		20,278		22,115