| Schedule of long-term debt instruments |
The following table is a summary of the Company’s outstanding debt:
|
|
|
|
|
|
|
|
|
|
|
September 30, 2021 |
|
|
December 31, 2020 |
|
Term debt |
|
|
|
|
|
|
7-year term loan facility, periodic interest and quarterly principal payments, LIBOR + 3.0% as of September 30, 2021, LIBOR + 3.25% as of December 31, 2020, expires September 1, 2027 |
|
$ |
1,580,851 |
|
|
$ |
1,578,930 |
|
Revolving debt |
|
|
|
|
|
|
5-year revolving loan facility, periodic interest payments, LIBOR + up to 3.0% as of September 30, 2021, LIBOR + up to 3.25% as of December 31, 2020, plus commitment fees up to 0.50%, expires July 26, 2026 |
|
|
333 |
|
|
|
15 |
|
Premium financing notes |
|
|
|
|
|
|
Commercial notes, periodic interest and principal payments, 2.50%, expired
June 1, 2021 |
|
|
— |
|
|
|
1,951 |
|
Commercial notes, periodic interest and principal payments, 1.66%, expire
June 1, 2022 |
|
|
2,891 |
|
|
|
— |
|
Commercial notes, periodic interest and principal payments, 1.66%, expire
July 15, 2022 |
|
|
877 |
|
|
|
— |
|
Commercial notes, periodic interest and principal payments, 1.66%, expire
July 21, 2022 |
|
|
5,947 |
|
|
|
— |
|
Finance lease obligation |
|
|
117 |
|
|
|
225 |
|
Unsecured promissory notes |
|
|
— |
|
|
|
363 |
|
Units subject to mandatory redemption |
|
|
4,163 |
|
|
|
3,866 |
|
Total debt |
|
$ |
1,595,179 |
|
|
$ |
1,585,350 |
|
Less current portion |
|
|
(26,769 |
) |
|
|
(19,158 |
) |
Long term debt |
|
$ |
1,568,410 |
|
|
$ |
1,566,192 |
|
|