| Interest Expense Net Disclosure |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
Predecessor |
|
Nine Months Ended |
|
Period From September 13, 2016 |
|
|
Period From January 1, 2016 |
|
September 30, 2017 |
|
Through September 30, 2016 |
|
|
Through September 12, 2016 |
Interest on borrowings and related fees 1
|
$ |
1,784 |
|
|
$ |
180 |
|
|
|
$ |
36,013 |
|
Amortization of debt issuance costs 2
|
1,362 |
|
|
38 |
|
|
|
22,188 |
|
Capitalized interest |
(132 |
) |
|
— |
|
|
|
(183 |
) |
|
$ |
3,014 |
|
|
$ |
218 |
|
|
|
$ |
58,018 |
|
|
| Interest Expense |
The following table summarizes the components of interest expense for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
Predecessor |
|
Three Months Ended |
|
Period From September 13, 2016 |
|
|
Period From July 1, 2016 |
|
September 30, 2017 |
|
Through September 30, 2016 |
|
|
Through September 12, 2016 |
Interest on borrowings and related fees 1
|
$ |
879 |
|
|
$ |
180 |
|
|
|
$ |
1,363 |
|
Amortization of debt issuance costs 2
|
374 |
|
|
38 |
|
|
|
— |
|
Capitalized interest |
(51 |
) |
|
— |
|
|
|
— |
|
|
$ |
1,202 |
|
|
$ |
218 |
|
|
|
$ |
1,363 |
|
___________________
|
|
1 |
Absent the bankruptcy proceedings and the corresponding suspension of the accrual of interest on unsecured debt, we would have recorded total contractual interest expense of $19.3 million for the period from July 1, 2016 through September 12, 2016, including $4.4 million and $13.4 million attributable to the 7.25% Senior Notes due 2019 (“2019 Senior Notes”) and the 8.5% Senior Notes due 2020 (“2020 Senior Notes”).
|
|
|
2
|
The three months ended September 30, 2017 includes a $0.2 million write-off attributable to a change in the composition of financial institutions comprising the Credit Facility’s bank group in connection with the Third Amendment (see Note 8).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
Predecessor |
|
Nine Months Ended |
|
Period From September 13, 2016 |
|
|
Period From January 1, 2016 |
|
September 30, 2017 |
|
Through September 30, 2016 |
|
|
Through September 12, 2016 |
Interest on borrowings and related fees 1
|
$ |
1,784 |
|
|
$ |
180 |
|
|
|
$ |
36,013 |
|
Amortization of debt issuance costs 2
|
1,362 |
|
|
38 |
|
|
|
22,188 |
|
Capitalized interest |
(132 |
) |
|
— |
|
|
|
(183 |
) |
|
$ |
3,014 |
|
|
$ |
218 |
|
|
|
$ |
58,018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
Predecessor |
|
Nine Months Ended |
|
Period From September 13, 2016 |
|
|
Period From January 1, 2016 |
|
September 30, 2017 |
|
Through September 30, 2016 |
|
|
Through September 12, 2016 |
Interest on borrowings and related fees 1
|
$ |
1,784 |
|
|
$ |
180 |
|
|
|
$ |
36,013 |
|
Amortization of debt issuance costs 2
|
1,362 |
|
|
38 |
|
|
|
22,188 |
|
Capitalized interest |
(132 |
) |
|
— |
|
|
|
(183 |
) |
|
$ |
3,014 |
|
|
$ |
218 |
|
|
|
$ |
58,018 |
|
___________________
|
|
1 |
Absent the bankruptcy proceedings and the corresponding suspension of the accrual of interest on unsecured debt, we would have recorded total contractual interest expense of $66.1 million for the period from January 1, 2016 through September 12, 2016, including $15.3 million and $46.3 million attributable to the 2019 Senior Notes and the 2020 Senior Notes, respectively.
|
|
|
2
|
The nine months ended September 30, 2017 includes a total of $0.8 million of write-offs attributable to changes in the composition of financial institutions comprising the Credit Facility’s bank group in connection with amendments to the Credit Facility (see Note 8). The period from January 1, 2016 through September 12, 2016 includes $20.5 million related to the accelerated write-off of unamortized debt issuance costs associated with the RBL and Senior Notes.
|
|