Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt and Lines of Credit (Tables)

v3.21.1
Long-Term Debt and Lines of Credit (Tables)
6 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Schedule of long-term debt, net of current portion

The following table summarizes long-term debt and related deferred financing costs, net of accumulated amortization, at March 31, 2021 and September 30, 2020:

 

 

 

March 31, 2021

 

 

September 30, 2020

 

(in thousands)

 

Principal

 

 

Deferred

Financing

Costs, Net

 

 

Principal

 

 

Deferred

Financing

Costs, Net

 

Long-term debt, net of current portion:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Met Fixed-Rate Term Loans

 

$

80,313

 

 

$

572

 

 

$

83,438

 

 

$

621

 

Met Variable-Rate Term Loans

 

 

39,531

 

 

 

263

 

 

 

40,969

 

 

 

286

 

Met Citree Term Loan

 

 

4,388

 

 

 

34

 

 

 

4,512

 

 

 

36

 

Pru Loans A & B

 

 

14,517

 

 

 

198

 

 

 

15,097

 

 

 

207

 

Pru Loan E

 

 

4,125

 

 

 

1

 

 

 

4,235

 

 

 

1

 

 

 

 

142,874

 

 

 

1,068

 

 

 

148,251

 

 

 

1,151

 

Less current portion

 

 

8,410

 

 

 

 

 

 

9,145

 

 

 

 

Long-term debt

 

$

134,464

 

 

$

1,068

 

 

$

139,106

 

 

$

1,151

 

Schedule of lines of credit

The following table summarizes lines of credit and related deferred financing costs, net of accumulated amortization, at March 31, 2021 and September 30, 2020:

 

 

 

March 31, 2021

 

 

September 30, 2020

 

(in thousands)

 

Principal

 

 

Deferred

Financing

Costs, Net

 

 

Principal

 

 

Deferred

Financing

Costs, Net

 

Lines of Credit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RLOC

 

$

 

 

$

134

 

 

$

 

 

$

141

 

WCLC

 

 

 

 

 

 

 

 

2,942

 

 

 

 

Lines of Credit

 

$

 

 

$

134

 

 

$

2,942

 

 

$

141

 

Schedule of future maturities of debt and lines of credit

Future maturities of long-term debt and lines of credit at March 31, 2021 are as follows:

 

(in thousands)

 

 

 

 

 

 

March 31, 2021

 

Due within one year

 

$

8,410

 

Due between one and two years

 

 

4,285

 

Due between two and three years

 

 

4,285

 

Due between three and four years

 

 

4,285

 

Due between four and five years

 

 

4,285

 

Due beyond five years

 

 

117,324

 

 

 

 

 

 

Total future maturities

 

$

142,874

 

Schedule of interest costs expensed and capitalized

Interest costs expensed and capitalized were as follows:

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

March 31,

 

 

Six Months Ended

March 31,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Interest expense

 

$

1,089

 

 

$

1,452

 

 

$

2,278

 

 

$

2,996

 

Interest capitalized

 

 

349

 

 

 

303

 

 

 

661

 

 

 

572

 

Total

 

$

1,438

 

 

$

1,755

 

 

$

2,939

 

 

$

3,568