Callon Petroleum Company Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Borrowings (Tables)

Borrowings (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Borrowings

The Company’s borrowings consisted of the following:

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	As of December 31,
	2019			2018
	(In thousands)
Senior Secured Revolving Credit Facility due 2024		$1,285,000			$200,000
6.25% Senior Notes due 2023 ⁽¹⁾	650,000			—
6.125% Senior Notes due 2024	600,000			600,000
8.25% Senior Notes due 2025 ⁽¹⁾	250,000			—
6.375% Senior Notes due 2026	400,000			400,000
Total principal outstanding	3,185,000			1,200,000
Unamortized premium for 6.125% Senior Notes	5,344			6,469
Unamortized premium for 6.25% Senior Notes	4,838			—
Unamortized premium for 8.25% Senior Notes	5,286			—
Unamortized deferred financing costs for Senior Notes	(14,359		)	(16,996		)
Total carrying value of borrowings ⁽²⁾		$3,186,109			$1,189,473


(1)	As a result of the Merger, the Company became successor-in-interest to the indenture governing the 6.25% Senior Notes and 8.25% Senior Notes.

(2)

Excludes unamortized deferred financing costs related to the Company’s senior secured revolving credit facility of $22.2 million and $6.1 million as of December 31, 2019 and 2018, respectively.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details