| Schedule of long-term debt instruments |
The following table is a summary of the Company’s outstanding debt:
|
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
|
|
2021 |
|
|
2020 |
|
Term debt |
|
|
|
|
|
|
7-year term loan facility, periodic interest and quarterly principal
payments, LIBOR + 3.0% as of December 31, 2021, LIBOR + 3.25%
as of December 31, 2020, expires September 1, 2027 |
|
$ |
1,578,972 |
|
|
$ |
1,578,930 |
|
Revolving debt |
|
|
|
|
|
|
5-year revolving loan facility, periodic interest payments, LIBOR + up to
3.0% as of December 31, 2021, LIBOR + up to 3.25% as of December
31, 2020, plus commitment fees up to 0.50%, expires July 26, 2026 |
|
|
387 |
|
|
|
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 |
|
|
1,656 |
|
|
|
— |
|
Commercial notes, periodic interest and principal payments, 1.66%,
expire July 15, 2022 |
|
|
745 |
|
|
|
— |
|
Commercial notes, periodic interest and principal payments, 1.66%,
expire July 21, 2022 |
|
|
3,973 |
|
|
|
— |
|
Finance lease obligation |
|
|
96 |
|
|
|
225 |
|
Unsecured promissory notes |
|
|
— |
|
|
|
363 |
|
Units subject to mandatory redemption |
|
|
4,267 |
|
|
|
3,866 |
|
Total debt |
|
$ |
1,590,096 |
|
|
$ |
1,585,350 |
|
Less current portion |
|
|
(23,469 |
) |
|
|
(19,158 |
) |
Long term debt |
|
$ |
1,566,627 |
|
|
$ |
1,566,192 |
|
|
| Schedule of future maturities of long-term debt |
Future maturities of long-term debt as of December 31, 2021, were as follows:
|
|
|
|
|
|
|
|
|
2022 |
|
$ |
23,469 |
|
2023 |
|
|
16,536 |
|
2024 |
|
|
16,517 |
|
2025 |
|
|
16,504 |
|
2026 |
|
|
16,500 |
|
Thereafter |
|
|
1,551,143 |
|
Total repayments |
|
$ |
1,640,669 |
|
Unamortized discounts, premiums, and debt issuance costs |
|
|
(50,573 |
) |
Total |
|
$ |
1,590,096 |
|
|