Annual report pursuant to Section 13 and 15(d)

Long-Term Debt and Lines of Credit (Tables)

v3.20.2
Long-Term Debt and Lines of Credit (Tables)
12 Months Ended
Sep. 30, 2020
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 September 30, 2020 and September 30, 2019:

 

 

 

September 30, 2020

 

 

September 30, 2019

 

(in thousands)

 

Principal

 

 

Deferred

Financing

Costs, Net

 

 

Principal

 

 

Deferred

Financing

Costs, Net

 

Long-term debt, net of current portion:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Met Fixed-Rate Term Loans

 

$

83,438

 

 

$

621

 

 

$

89,688

 

 

$

724

 

Met Variable-Rate Term Loans

 

 

40,969

 

 

 

286

 

 

 

43,844

 

 

 

334

 

Met Citree Term Loan

 

 

4,512

 

 

 

36

 

 

 

4,750

 

 

 

40

 

Pru Loans A & B

 

 

15,097

 

 

 

207

 

 

 

16,257

 

 

 

224

 

Pru Loan E

 

 

4,235

 

 

 

1

 

 

 

4,455

 

 

 

9

 

Pru Loan F

 

 

 

 

 

 

 

 

4,455

 

 

 

38

 

 

 

 

148,251

 

 

 

1,151

 

 

 

163,449

 

 

 

1,369

 

Less current portion

 

 

9,145

 

 

 

 

 

 

5,338

 

 

 

 

Long-term debt

 

$

139,106

 

 

$

1,151

 

 

$

158,111

 

 

$

1,369

 

Schedule of lines of credit

The following table summarizes lines of credit and related deferred financing costs, net of accumulated amortization at September 30, 2020 and September 30, 2019:

 

 

 

September 30, 2020

 

 

September 30, 2019

 

(in thousands)

 

Principal

 

 

Deferred

Financing

Costs, Net

 

 

Principal

 

 

Deferred

Financing

Costs, Net

 

Lines of Credit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RLOC

 

$

 

 

$

141

 

 

$

 

 

$

8

 

WCLC

 

 

2,942

 

 

 

 

 

 

 

 

 

 

Lines of Credit

 

$

2,942

 

 

$

141

 

 

$

 

 

$

8

 

Schedule of future maturities of debt and lines of credit

Future maturities of long-term debt and lines of credit as of September 30, 2020 are as follows:

 

(in thousands)

 

September 30, 2020

 

Due within one year

 

$

9,145

 

Due between one and two years

 

 

10,535

 

Due between two and three years

 

 

10,535

 

Due between three and four years

 

 

13,477

 

Due between four and five years

 

 

10,535

 

Due beyond five years

 

 

96,966

 

Total future maturities

 

$

151,193

 

Schedule of interest costs expensed and capitalized

Interest costs expensed and capitalized were as follows:

 

(in thousands)

 

Fiscal Year Ended September 30,

 

 

 

2020

 

 

2019

 

 

2018

 

Interest expense

 

$

5,981

 

 

$

7,180

 

 

$

8,561

 

Interest capitalized

 

 

1,228

 

 

 

1,019

 

 

 

933

 

Total

 

$

7,209

 

 

$

8,199

 

 

$

9,494