| Schedule of Debt Instruments Senior Secured Note |
Based on the then existing market conditions, we completed repurchases of our 6.75% Senior Secured Notes at amounts less than face value as follows:
|
Date
|
|
Principal
Repurchased
|
|
|
Cash
Paid
|
|
|
% of Face
Value
|
|
|
Bond Issue
Costs
|
|
|
Net
Gain
|
|
|
|
|
(Dollars in thousands)
|
|
|
March 28, 2019
|
|
$
|
2,000
|
|
|
$
|
1,830
|
|
|
|
91.50
|
%
|
|
$
|
37
|
|
|
$
|
134
|
|
|
March 28, 2019
|
|
|
2,300
|
|
|
|
2,125
|
|
|
|
92.38
|
%
|
|
|
42
|
|
|
|
133
|
|
|
February 20, 2019
|
|
|
125
|
|
|
|
114
|
|
|
|
91.25
|
%
|
|
|
2
|
|
|
|
9
|
|
|
February 19, 2019
|
|
|
350
|
|
|
|
319
|
|
|
|
91.25
|
%
|
|
|
7
|
|
|
|
24
|
|
|
February 12, 2019
|
|
|
1,325
|
|
|
|
1,209
|
|
|
|
91.25
|
%
|
|
|
25
|
|
|
|
91
|
|
|
January 10, 2019
|
|
|
570
|
|
|
|
526
|
|
|
|
92.25
|
%
|
|
|
9
|
|
|
|
35
|
|
|
December 21, 2018
|
|
|
2,000
|
|
|
|
1,835
|
|
|
|
91.75
|
%
|
|
|
38
|
|
|
|
127
|
|
|
December 21, 2018
|
|
|
1,850
|
|
|
|
1,702
|
|
|
|
92.00
|
%
|
|
|
35
|
|
|
|
113
|
|
|
December 21, 2018
|
|
|
1,080
|
|
|
|
999
|
|
|
|
92.50
|
%
|
|
|
21
|
|
|
|
60
|
|
|
November 17, 2018
|
|
|
1,500
|
|
|
|
1,357
|
|
|
|
90.50
|
%
|
|
|
29
|
|
|
|
114
|
|
|
May 4, 2018
|
|
|
4,000
|
|
|
|
3,770
|
|
|
|
94.25
|
%
|
|
|
86
|
|
|
|
144
|
|
|
April 10, 2018
|
|
|
4,000
|
|
|
|
3,850
|
|
|
|
96.25
|
%
|
|
|
87
|
|
|
|
63
|
|
|
April 9, 2018
|
|
|
2,000
|
|
|
|
1,930
|
|
|
|
96.50
|
%
|
|
|
43
|
|
|
|
27
|
|
|
|
|
$
|
23,100
|
|
|
$
|
21,566
|
|
|
|
|
|
|
$
|
461
|
|
|
$
|
1,074
|
|
|
| Long-Term Debt |
Long-term debt consisted of the following:
|
|
|
As of
December 31, 2018
|
|
|
As of
September 30, 2019
|
|
|
|
|
(Dollars in thousands)
|
|
|
6.75% Senior Secured Notes
|
|
$
|
238,570
|
|
|
$
|
231,900
|
|
|
Less unamortized debt issuance costs based on imputed interest rate of 7.08%
|
|
|
(4,540
|
)
|
|
|
(3,809
|
)
|
|
6.75% Senior Secured Notes net carrying value
|
|
|
234,030
|
|
|
|
228,091
|
|
|
Asset-Based Revolving Credit Facility principal outstanding
|
|
|
19,660
|
|
|
|
18,065
|
|
|
Total long-term debt less unamortized debt issuance costs
|
|
|
253,690
|
|
|
|
246,156
|
|
|
Less current portion
|
|
|
(19,660
|
)
|
|
|
(18,065
|
)
|
|
Long-term debt less unamortized debt issuance costs, net of current portion
|
|
$
|
234,030
|
|
|
$
|
228,091
|
|
|
| Principle Repayment Requirements Under Long Term Agreements Outstanding |
Principal repayment requirements under all long-term debt agreements outstanding at September 30, 2019 for each of the next five years and thereafter are as follows:
|
|
|
Amount
|
|
|
For the Twelve Months Ended September 30,
|
|
(Dollars in thousands)
|
|
|
2020
|
|
$
|
18,065
|
|
|
2021
|
|
|
—
|
|
|
2022
|
|
|
—
|
|
|
2023
|
|
|
—
|
|
|
2024
|
|
|
231,900
|
|
|
Thereafter
|
|
|
—
|
|
|
|
|
$
|
249,965
|
|
|