Quarterly report pursuant to Section 13 or 15(d)

DEBT OBLIGATIONS (Tables)

v3.19.3
DEBT OBLIGATIONS (Tables)
9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Schedule of debt obligations
The following table presents certain information regarding the Company’s debt obligations at September 30, 2019 and December 31, 2018:
 
 
 
 
September 30, 2019
 
December 31, 2018
Debt Obligation/Collateral
 
Month Issued
 
Outstanding
Face
Amount
 
Carrying
Value
 
Final Stated Maturity
 
Weighted
Average
Coupon
 
Weighted Average
Funding
Cost (A)
 
Weighted Average Life (Years)
 
Face Amount of
Floating Rate Debt
 
Outstanding Face Amount
 
Carrying Value
Credit Facilities and Finance Leases
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Vineyard II
 
Dec 1993
 
$
200

 
$
200

 
Dec 2043
 
2.80%
 
2.80
%
 
24.2
 
$
200

 
$
200

 
$
200

Finance leases (Equipment)
 
Jun 2014 - Sep 2019
 
20,419

 
20,419

 
Oct 2019 - Mar 2025
 
3.00% to 15.00%
 
7.23
%
 
3.6
 

 
15,778

 
15,778

 
 
 
 
20,619

 
20,619

 
 
 
 
 
7.19
%
 
3.8
 
200

 
15,978

 
15,978

Less current portion of obligations under finance leases
 
 
 
6,222

 
6,222

 
 
 
 
 
 
 
 
 
 
 
5,489

 
5,489

Credit facilities and obligations under finance leases - noncurrent
 
 
 
14,397

 
14,397

 
 
 
 
 
 
 
 
 
 
 
10,489

 
10,489

Corporate
 
 
 
 

 
 

 
 
 
 
 
 

 
 
 
 

 
 
 
 
Junior subordinated notes payable (B)
 
Mar 2006
 
51,004

 
51,194

 
Apr 2035
 
LIBOR+2.25%
 
4.48
%
 
15.6
 
51,004

 
51,004

 
51,200

Total debt obligations
 
 
 
$
71,623

 
$
71,813

 
 
 
 
 
5.26
%
 
12.2
 
$
51,204

 
$
66,982

 
$
67,178

(A)
Including the effect of deferred financing costs.
(B)
Interest rate based on 3 month LIBOR plus 2.25%.