Annual report pursuant to Section 13 and 15(d)

Long-Term Debt and Lines of Credit (Tables)

v3.21.2
Long-Term Debt and Lines of Credit (Tables)
12 Months Ended
Sep. 30, 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 September 30, 2021 and September 30, 2020:

 

 

 

September 30, 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

 

$

70,000

 

 

$

524

 

 

$

83,438

 

 

$

621

 

Met Variable-Rate Term Loans

 

 

38,094

 

 

 

241

 

 

 

40,969

 

 

 

286

 

Met Citree Term Loan

 

 

4,263

 

 

 

31

 

 

 

4,512

 

 

 

36

 

Pru Loans A & B

 

 

13,937

 

 

 

190

 

 

 

15,097

 

 

 

207

 

Pru Loan E

 

 

 

 

 

 

 

 

4,235

 

 

 

1

 

 

 

 

126,294

 

 

 

986

 

 

 

148,251

 

 

 

1,151

 

Less current portion

 

 

4,285

 

 

 

 

 

 

9,145

 

 

 

 

Long-term debt

 

$

122,009

 

 

$

986

 

 

$

139,106

 

 

$

1,151

 

Schedule of lines of credit

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

 

 

 

September 30, 2021

 

 

September 30, 2020

 

(in thousands)

 

Principal

 

 

Deferred

Financing

Costs, Net

 

 

Principal

 

 

Deferred

Financing

Costs, Net

 

Lines of Credit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RLOC

 

$

 

 

$

126

 

 

$

 

 

$

141

 

WCLC

 

 

 

 

 

 

 

 

2,942

 

 

 

 

Lines of Credit

 

$

 

 

$

126

 

 

$

2,942

 

 

$

141

 

Schedule of future maturities of debt and lines of credit

Future maturities of long-term debt and lines of credit as of September 30, 2021 are as follows:

 

(in thousands)

 

September 30, 2021

 

Due within one year

 

$

4,285

 

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

 

 

104,869

 

Total future maturities

 

$

126,294

 

Schedule of interest costs expensed and capitalized

Interest costs expensed and capitalized were as follows:

 

(in thousands)

 

Fiscal Year Ended September 30,

 

 

 

2021

 

 

2020

 

 

2019

 

Interest expense

 

$

3,987

 

 

$

5,981

 

 

$

7,180

 

Interest capitalized

 

 

1,431

 

 

 

1,228

 

 

 

1,019

 

Total

 

$

5,418

 

 

$

7,209

 

 

$

8,199