Summary of Estimated Fair Value of Long-term Debt |
|
|
|
2016 |
|
|
2015 |
|
|
10.75% first lien notes due 2021 |
|
|
|
|
|
|
|
|
|
Principal outstanding |
|
$ |
500,000 |
|
|
$ |
— |
|
|
Unamortized discount (1) |
|
|
(34,416 |
) |
|
|
— |
|
|
Carrying amount |
|
|
465,584 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
7.75% second lien notes due 2023 |
|
|
|
|
|
|
|
|
|
Principal outstanding |
|
|
584,732 |
|
|
|
— |
|
|
Unamortized discount (2) |
|
|
(54,856 |
) |
|
|
— |
|
|
Carrying amount |
|
|
529,876 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
2.625% convertible senior notes due 2019: |
|
|
|
|
|
|
|
|
|
Principal outstanding |
|
|
763,446 |
|
|
|
1,380,000 |
|
|
Unamortized discount (3) |
|
|
(109,689 |
) |
|
|
(258,565 |
) |
|
Carrying amount |
|
|
653,757 |
|
|
|
1,121,435 |
|
|
|
|
|
|
|
|
|
|
|
|
3.125% convertible senior notes due 2024: |
|
|
|
|
|
|
|
|
|
Principal outstanding |
|
|
1,204,145 |
|
|
|
1,300,000 |
|
|
Unamortized discount (4) |
|
|
(374,013 |
) |
|
|
(439,540 |
) |
|
Carrying amount |
|
|
830,132 |
|
|
|
860,460 |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
2,479,349 |
|
|
$ |
1,981,895 |
|
|
(1) |
Effective interest rate of 12.6% |
|
(2) |
Effective interest rate of 9.6% |
|
(3) |
Effective interest rate of 8.4% |
|
(4) |
Effective interest rate of 9.0% | |
Schedule of Maturities of Long-term Debt |
The maturities of our long–term debt are as follows for the years ended December 31:
|
|
|
Payments Due By Year |
|
|
|
|
2017 |
|
|
2018 |
|
|
2019 |
|
|
2020 |
|
|
2021 |
|
|
Thereafter |
|
|
Principal outstanding |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
763,446 |
|
|
$ |
— |
|
|
$ |
500,000 |
|
|
$ |
1,788,877 |
|
|