| Schedule of Debt and Financing Lease Liabilities |
Our debt and financing lease liabilities are comprised of the following:
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September 30, 2023 |
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December 31, 2022 |
Senior secured revolving credit facility (1)
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$ |
67,900 |
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$ |
182,900 |
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| Senior secured term loans |
240,000 |
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295,000 |
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Non-recourse construction revolvers (2) (4)
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410,482 |
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45,391 |
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Non-recourse term loans (3) (4)
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538,134 |
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255,403 |
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Non-recourse long-term financing facilities (5)
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183,623 |
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120,923 |
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Non-recourse financing lease liabilities (6)
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15,127 |
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16,060 |
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| Total debt and financing lease liabilities |
1,455,266 |
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|
915,677 |
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| Less: current maturities |
409,906 |
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331,479 |
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| Less: unamortized discount and debt issuance costs |
23,104 |
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15,563 |
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| Long-term debt and financing lease liabilities, net of current portion, unamortized discount and debt issuance costs |
$ |
1,022,256 |
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$ |
568,635 |
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(1) At September 30, 2023, funds of $38,327 were available for borrowing under this facility. |
(2) Includes a construction loan of $36,270 assumed by us for the purchase of an energy asset project. See Note 6 for additional information. |
(3) Includes a balance of $34,194 on a sellers note for the purchase of an energy asset project. See Note 6 for additional information. |
| (4) Most of these agreements are now using the Secured Overnight Financing Rate (“SOFR”) as the primary reference rate used to calculate interest. |
(5) These facilities are accounted for as failed sale leasebacks and are classified as long-term financing facilities. See Note 7 for additional disclosures. |
(6) Financing lease liabilities are sale-leaseback arrangements under previous guidance. See Note 7 for additional disclosures. |
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