Parker Wellbore Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Company's Current Debt Portfolio

The following table illustrates the Company’s current debt portfolio as of December 31, 2013 and December 31, 2012:



	December 31,
	2013		2012
	(Dollars in Thousands)
7.50% Senior Notes, due August 2020	$	225,000	$	—
9.125% Senior Notes, due April 2018	428,781		429,205
Term Note - Effective interest rate of 3.21 percent at December 31, 2012	—		50,000
Total debt	653,781		479,205
Less current portion	25,000		10,000
Total long-term debt	$	628,781	$	469,205

- 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