| Schedule of Long-term Debt Instruments |
Our debt and financing lease liabilities are comprised of the following:
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September 30, 2022 |
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December 31, 2021 |
Senior secured revolving credit facility (1)
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$ |
184,000 |
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$ |
45,000 |
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| Senior secured term loans |
295,000 |
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52,813 |
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| Non-recourse construction revolvers |
34,662 |
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31,698 |
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| Non-recourse term loans |
194,293 |
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218,136 |
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Non-recourse long-term financing facilities (2)
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103,417 |
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104,615 |
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Non-recourse financing lease liabilities (3)
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17,606 |
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19,226 |
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| Total debt and financing lease liabilities |
828,978 |
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|
471,488 |
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| Less: current maturities |
301,247 |
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|
78,934 |
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| Less: unamortized discount and debt issuance costs |
16,110 |
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15,370 |
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| Long-term debt and financing lease liabilities, net of current portion, unamortized discount and debt issuance costs |
$ |
511,621 |
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$ |
377,184 |
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(1) At September 30, 2022, funds of $295 were available for borrowing under this facility. |
(2) These facilities are accounted for as failed sale leasebacks and are classified as long-term financing facilities. See Note 6 for additional disclosures. |
(3) Financing lease liabilities are sale-leaseback arrangements under previous guidance. See Note 6 for additional disclosures. |
(4) As of September 30, 2022, we were in default on a non-recourse term loan with a balance of $1,422 for failure to meet the debt service coverage ratio of 1.2 to 1, however, a waiver for the fiscal quarter ended September 30, 2022 was received in October 2022. |
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