| Summary of Long-term Debt |
Long-term debt comprised the following:
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Commencement Date |
Maturity Date |
Acceleration Clause(2)
|
Rate as of December 31, |
Balance as of December 31, |
|
2018 |
2018 |
|
2017 |
Senior secured credit facility, interest at varying rates monthly in arrears |
June 2015 |
June 2020 |
NA |
4.710 |
% |
$ |
43,074 |
|
|
$ |
49,986 |
|
Variable rate term loan payable in semi-annual installments |
January 2006 |
February 2021 |
Yes |
5.047 |
% |
936 |
|
|
1,220 |
|
Variable rate term loan payable in semi-annual installments |
January 2006 |
June 2024 |
Yes |
4.797 |
% |
7,426 |
|
|
8,295 |
|
Variable rate term loan payable in quarterly installments |
February 2009 |
December 2024 |
NA |
NA |
|
— |
|
|
8,757 |
|
Term loan payable in quarterly installments |
March 2011 |
March 2021 |
Yes |
7.250 |
% |
1,464 |
|
|
2,218 |
|
Term loan payable in monthly installments |
October 2011 |
June 2028 |
NA |
6.110 |
% |
3,843 |
|
|
4,551 |
|
Variable rate term loan payable in quarterly installments |
October 2012 |
June 2020 |
NA |
6.297 |
% |
30,674 |
|
|
32,711 |
|
Variable rate term loan payable in quarterly installments |
September 2015 |
March 2023 |
NA |
5.297 |
% |
17,208 |
|
|
18,346 |
|
Term loan payable in quarterly installments |
August 2016 |
July 2031 |
NA |
4.950 |
% |
3,925 |
|
|
4,605 |
|
Term loan payable in quarterly installments |
March 2017 |
March 2028 |
NA |
5.000 |
% |
3,945 |
|
|
4,258 |
|
Term loan payable in monthly installments(3)
|
April 2017 |
April 2027 |
NA |
4.500 |
% |
22,081 |
|
|
13,325 |
|
|
Term loan payable in quarterly installments
|
April 2017 |
February 2034 |
NA |
5.610 |
% |
2,735 |
|
|
3,128 |
|
Variable rate term loan payable in quarterly installments |
June 2017 |
December 2027 |
NA |
5.247 |
% |
12,915 |
|
|
14,034 |
|
Variable rate term loan payable in quarterly installments |
February 2018 |
August 2022 |
Yes |
10.297 |
% |
21,475 |
|
|
— |
|
|
Term loan payable in quarterly installments
|
June 2018 |
December 2038 |
Yes |
5.150 |
% |
30,069 |
|
|
— |
|
|
Variable rate term loan payable in semi-annual installments
|
June 2018 |
June 2033 |
Yes |
4.847 |
% |
9,668 |
|
|
— |
|
Variable rate construction loan payable |
November 2016 |
June 2018 |
NA |
NA |
|
— |
|
|
1,721 |
|
Variable rate term loan payable in monthly/quarterly installments |
October 2018 |
October 2029 |
Yes |
5.020 |
% |
9,072 |
|
|
— |
|
Capital leases(1)
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|
|
|
|
33,363 |
|
|
35,013 |
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|
253,873 |
|
|
202,168 |
|
Less - current maturities |
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|
|
|
|
26,890 |
|
|
22,375 |
|
Less - deferred financing fees |
|
|
|
|
|
7,821 |
|
|
6,556 |
|
Long-term debt |
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|
|
|
|
$ |
219,162 |
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|
$ |
173,237 |
|
(1)Capital leases do not include approximately $25,305 in future interest payments
(2)These agreements have acceleration causes that, in the event of default, as defined, the payee has the option to accelerate payment terms and make due the remaining principal and the required interest balance according to the agreement
(3)As of December 31, 2018, this construction loan has an additional $2,742 commitment that could be drawn upon
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| Schedule of Aggregate Maturities of Long-Term Debt |
Aggregate maturities of long-term debt for the years ended December 31, are as follows:
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|
|
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|
2019 |
$ |
26,890 |
|
2020 |
85,685 |
|
2021 |
18,573 |
|
2022 |
27,810 |
|
2023 |
27,518 |
|
Thereafter |
69,955 |
|
Debt Discount |
(2,558 |
) |
|
$ |
253,873 |
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