| Schedule of debt obligations |
The following table presents certain information regarding the Company’s debt obligations at March 31, 2020 and December 31, 2019:
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March 31, 2020 |
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December 31, 2019 |
Debt Obligation/Collateral |
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Month Issued |
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Outstanding
Face
Amount |
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Carrying
Value |
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Final Stated Maturity |
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Weighted
Average
Coupon |
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Weighted Average
Funding
Cost (A) |
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Weighted Average Life (Years) |
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Face Amount of
Floating Rate Debt |
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Outstanding Face Amount |
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Carrying Value |
Credit Facilities and Finance Leases |
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Vineyard II |
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Dec 1993 |
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$ |
200 |
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$ |
200 |
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Dec 2043 |
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3.09% |
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3.09 |
% |
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23.7 |
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$ |
200 |
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$ |
200 |
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$ |
200 |
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Finance leases (Equipment) |
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Jul 2014 - Mar 2020 |
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18,272 |
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18,272 |
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Apr 2020 - Sep 2025 |
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3.00% to 15.00% |
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7.33 |
% |
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3.4 |
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— |
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19,079 |
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19,079 |
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18,472 |
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18,472 |
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7.28 |
% |
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3.6 |
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200 |
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19,279 |
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19,279 |
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Less current portion of obligations under finance leases |
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6,004 |
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6,004 |
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6,154 |
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6,154 |
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Credit facilities and obligations under finance leases - noncurrent |
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12,468 |
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12,468 |
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13,125 |
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13,125 |
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Corporate |
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Junior subordinated notes payable (B) |
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Mar 2006 |
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51,004 |
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51,190 |
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Apr 2035 |
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LIBOR+2.25% |
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3.99 |
% |
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15.1 |
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51,004 |
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51,004 |
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51,192 |
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Total debt obligations |
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$ |
69,476 |
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$ |
69,662 |
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4.86 |
% |
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12.0 |
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$ |
51,204 |
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$ |
70,283 |
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$ |
70,471 |
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(A) |
Including the effect of deferred financing costs. |
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(B) |
Interest rate based on 3 month LIBOR plus 2.25%. Collateral for this obligation is the Company's general credit.
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