Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt and Lines of Credit (Tables)

v3.22.2
Long-Term Debt and Lines of Credit (Tables)
 9 Months Ended
Jun. 30, 2022
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 June 30, 2022 and September 30, 2021:

 

 

 

June 30, 2022

 

 

September 30, 2021

 

(in thousands)

 

Principal

 

 

Deferred
Financing
Costs, Net

 

 

Principal

 

 

Deferred
Financing
Costs, Net

 

Long-term debt, net of current portion:

 

 

 

 

 

 

 

 

 

 

 

 

Met Fixed-Rate Term Loans

 

$

70,000

 

 

$

456

 

 

$

70,000

 

 

$

524

 

Met Variable-Rate Term Loans

 

 

20,313

 

 

 

120

 

 

 

38,094

 

 

 

241

 

Met Citree Term Loan

 

 

4,075

 

 

 

28

 

 

 

4,263

 

 

 

31

 

Pru Loans A & B

 

 

13,067

 

 

 

177

 

 

 

13,937

 

 

 

190

 

 

 

 

107,455

 

 

 

781

 

 

 

126,294

 

 

 

986

 

Less current portion

 

 

3,035

 

 

 

—

 

 

 

4,285

 

 

 

—

 

Long-term debt

 

$

104,420

 

 

$

781

 

 

$

122,009

 

 

$

986

 
Schedule of lines of credit

The following table summarizes lines of credit and related deferred financing costs, net of accumulated amortization at June 30, 2022 and September 30, 2021:

 

 

 

June 30, 2022

 

 

September 30, 2021

 

(in thousands)

 

Principal

 

 

Deferred
Financing
Costs, Net

 

 

Principal

 

 

Deferred
Financing
Costs, Net

 

Lines of Credit:

 

 

 

 

 

 

 

 

 

 

 

 

RLOC

 

$

—

 

 

$

114

 

 

$

—

 

 

$

126

 

WCLC

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Lines of Credit

 

$

—

 

 

$

114

 

 

$

—

 

 

$

126

 
Schedule of future maturities of debt and lines of credit

Future maturities of long-term debt and lines of credit as of June 30, 2022 are as follows:

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2022

 

Due within one year

 

 

 

 

 

$

3,035

 

Due between one and two years

 

 

 

 

 

 

3,035

 

Due between two and three years

 

 

 

 

 

 

3,035

 

Due between three and four years

 

 

 

 

 

 

3,035

 

Due between four and five years

 

 

 

 

 

 

3,035

 

Due beyond five years

 

 

 

 

 

 

92,280

 

 

 

 

 

 

 

 

 

Total future maturities

 

 

 

 

 

$

107,455

 
Schedule of interest costs expensed and capitalized

Interest costs expensed and capitalized were as follows:

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended
June 30,

 

 

Nine Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Interest expense

 

$

854

 

 

$

907

 

 

$

2,625

 

 

$

3,185

 

Interest capitalized

 

 

395

 

 

 

389

 

 

 

1,026

 

 

 

1,050

 

Total

 

$

1,249

 

 

$

1,296

 

 

$

3,651

 

 

$

4,235