v3.22.2
Debt (Tables)
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6 Months Ended |
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Debt Disclosure [Abstract] |
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Schedule of Debt |
| | | | | | | | | | | | (In thousands) | June 30, 2022 | | December 31, 2021 | Convertible Bond Debt | $ | 114,119 | | | $ | 114,119 | | Debt discount and debt issuance costs - Convertible Bond Debt | (866) | | | (13,165) | | Convertible Bond Debt, net of debt discount and debt issuance costs | 113,253 | | | 100,954 | | Global Ultraco Debt Facility | 262,650 | | | 287,550 | | Debt discount and Debt issuance costs - Global Ultraco Debt Facility | (7,629) | | | (8,460) | | Less: Current portion - Global Ultraco Debt Facility | (49,800) | | | (49,800) | | Global Ultraco Debt Facility, net of debt issuance costs | 205,221 | | | 229,290 | | Total long-term debt | $ | 318,474 | | | $ | 330,244 | |
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Schedule Of Interest Expense |
The following table summarizes the Company’s total interest expense:
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | (In thousands) | June 30, 2022 | | June 30, 2021 | | June 30, 2022 | | June 30, 2021 | Convertible Bond Debt interest | $ | 1,426 | | | $ | 1,427 | | | $ | 2,853 | | | $ | 2,853 | | Global Ultraco Debt Facility interest | 2,134 | | | — | | | 4,347 | | | — | | Holdco Revolving Credit Facility interest | — | | | 158 | | | — | | | 158 | | New Ultraco Debt Facility interest | — | | | 1,540 | | | — | | | 3,005 | | Norwegian Bond Debt interest | — | | | 3,724 | | | — | | | 7,354 | | Super Senior Facility interest | — | | | — | | | — | | | 30 | | Amortization of debt discount and debt issuance costs | 530 | | | 1,838 | | | 1,092 | | | 3,467 | | Commitment fees on revolving credit facilities | 248 | | | 112 | | | 493 | | | 183 | | Total Interest expense | $ | 4,338 | | | $ | 8,799 | | | $ | 8,785 | | | $ | 17,050 | |
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Schedule of Debt Maturities |
The following table presents the scheduled maturities of principal amounts of our debt obligations as of June 30, 2022: | | | | | | | | | | | | | | | | | | | | | (In thousands) | | Convertible Bond Debt | | Global Ultraco Debt Facility | | Total | Six months ending December 31, 2022 | | $ | — | | | $ | 24,900 | | | $ | 24,900 | | 2023 | | — | | | 49,800 | | | 49,800 | | 2024 | | 114,119 | | | 49,800 | | | 163,919 | | 2025 | | — | | | 49,800 | | | 49,800 | | 2026 | | — | | | 88,350 | | | 88,350 | | | | $ | 114,119 | | | $ | 262,650 | | | $ | 376,769 | |
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- DefinitionTabular disclosure of interest expenses excluding capitalized interest.
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- DefinitionTabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.
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- DefinitionTabular disclosure of maturity and sinking fund requirement for long-term debt.
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