Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt and Lines of Credit (Tables)

v3.22.4
Long-Term Debt and Lines of Credit (Tables)
3 Months Ended
Dec. 31, 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 December 31, 2022 and September 30, 2022:

 

 

 

December 31, 2022

 

 

September 30, 2022

 

(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

 

 

$

414

 

 

$

70,000

 

 

$

435

 

Met Variable-Rate Term Loans

 

 

19,500

 

 

 

107

 

 

 

19,906

 

 

 

113

 

Met Citree Term Loan

 

 

3,950

 

 

 

26

 

 

 

4,013

 

 

 

27

 

Pru Loans A & B

 

 

12,487

 

 

 

169

 

 

 

12,777

 

 

 

173

 

 

 

 

105,937

 

 

 

716

 

 

 

106,696

 

 

 

748

 

Less current portion

 

 

3,035

 

 

 

 

 

 

3,035

 

 

 

 

Long-term debt

 

$

102,902

 

 

$

716

 

 

$

103,661

 

 

$

748

 

Schedule of lines of credit

The following table summarizes lines of credit and related deferred financing costs, net of accumulated amortization at December 31, 2022 and September 30, 2022:

 

 

 

December 31, 2022

 

 

September 30, 2022

 

(in thousands)

 

Principal

 

 

Deferred
Financing
Costs, Net

 

 

Principal

 

 

Deferred
Financing
Costs, Net

 

Lines of Credit:

 

 

 

 

 

 

 

 

 

 

 

 

RLOC

 

$

 

 

$

106

 

 

$

 

 

$

110

 

WCLC

 

 

19,045

 

 

 

 

 

 

4,928

 

 

 

 

Lines of Credit

 

$

19,045

 

 

$

106

 

 

$

4,928

 

 

$

110

 

Schedule of future maturities of debt and lines of credit

Future maturities of long-term debt and lines of credit as of December 31, 2022 are as follows:

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2022

 

Due within one year

 

 

 

 

 

$

3,035

 

Due between one and two years

 

 

 

 

 

 

3,035

 

Due between two and three years

 

 

 

 

 

 

22,080

 

Due between three and four years

 

 

 

 

 

 

3,035

 

Due between four and five years

 

 

 

 

 

 

3,035

 

Due beyond five years

 

 

 

 

 

 

90,762

 

 

 

 

 

 

 

 

 

Total future maturities

 

 

 

 

 

$

124,982

 

Schedule of interest costs expensed and capitalized

Interest costs expensed and capitalized were as follows:

 

(in thousands)

 

 

 

 

 

 

 

 

Three Months Ended
December 31,

 

 

 

2022

 

 

2021

 

Interest expense

 

$

1,148

 

 

$

901

 

Interest capitalized

 

 

281

 

 

 

303

 

Total

 

$

1,429

 

 

$

1,204