| Schedule of long-term debt instruments |
The following table is a summary of the Company’s outstanding debt:
|
|
|
|
|
|
|
|
|
|
|
September 30, 2022 |
|
|
December 31, 2021 |
|
Term debt |
|
|
|
|
|
|
7-year term loan facility, periodic interest and quarterly principal payments, Adjusted Term SOFR + 3.00% as of September 30, 2022, LIBOR + 3.00% as of December 31, 2021, matures September 1, 2027 |
|
$ |
1,573,319 |
|
|
$ |
1,578,972 |
|
Senior secured notes |
|
|
|
|
|
|
8-year senior secured notes, semi-annual interest payments, 4.38%, matures February 1, 2030 |
|
|
395,195 |
|
|
|
— |
|
Revolving debt |
|
|
|
|
|
|
5-year revolving loan facility, periodic interest payments, Adjusted Term SOFR + up to 3.00% as of September 30, 2022, LIBOR + up to 3.00% as of December 31, 2021, plus commitment fees up to 0.50%, matures July 26, 2026 |
|
|
395 |
|
|
|
387 |
|
Premium financing notes |
|
|
|
|
|
|
Commercial notes, periodic interest and principal payments, 1.88-2.49%, expire May 1, 2023 |
|
|
2,942 |
|
|
|
— |
|
Commercial notes, periodic interest and principal payments, 2.49%, expire June 1, 2023 |
|
|
1,224 |
|
|
|
— |
|
Commercial notes, periodic interest and principal payments, 2.74%, expire June 21, 2023 |
|
|
4,883 |
|
|
|
— |
|
Commercial notes, periodic interest and principal payments, 1.66%, expired June 1, 2022 |
|
|
— |
|
|
|
1,656 |
|
Commercial notes, periodic interest and principal payments, 1.66%, expired July 15, 2022 |
|
|
— |
|
|
|
745 |
|
Commercial notes, periodic interest and principal payments, 1.66%, expired July 21, 2022 |
|
|
— |
|
|
|
3,973 |
|
Finance lease obligation |
|
|
66 |
|
|
|
96 |
|
Units subject to mandatory redemption |
|
|
4,594 |
|
|
|
4,267 |
|
Total debt |
|
$ |
1,982,618 |
|
|
$ |
1,590,096 |
|
Less current portion |
|
|
(29,157 |
) |
|
|
(23,469 |
) |
Long term debt |
|
$ |
1,953,461 |
|
|
$ |
1,566,627 |
|
|