| Schedule of debt obligations |
The following table presents certain information regarding the Company’s debt obligations at September 30, 2022 and December 31, 2021:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
September 30, 2022 |
|
December 31, 2021 |
| 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 |
|
1.79% |
|
5.03 |
% |
|
21.2 |
|
$ |
— |
|
|
$ |
200 |
|
|
$ |
200 |
|
| Finance leases (Equipment) |
|
Jan 2017 - Apr 2022 |
|
11,420 |
|
|
11,420 |
|
|
Jun 2022 - Aug 2027 |
|
3.95% to 8.65% |
|
5.69 |
% |
|
3.3 |
|
— |
|
|
14,275 |
|
|
14,275 |
|
|
|
|
|
11,620 |
|
|
11,620 |
|
|
|
|
|
|
5.73 |
% |
|
3.6 |
|
— |
|
|
14,475 |
|
|
14,475 |
|
| Less current portion of obligations under finance leases |
|
|
|
4,847 |
|
|
4,847 |
|
|
|
|
|
|
|
|
|
|
|
|
5,400 |
|
|
5,400 |
|
| Credit facilities and obligations under finance leases - noncurrent |
|
|
|
6,773 |
|
|
6,773 |
|
|
|
|
|
|
|
|
|
|
|
|
9,075 |
|
|
9,075 |
|
| Corporate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Junior subordinated notes payable (B)
|
|
Mar 2006 |
|
51,004 |
|
|
51,169 |
|
|
Apr 2035 |
|
LIBOR+2.25% |
|
5.03 |
% |
|
10.09 |
|
51,004 |
|
|
51,004 |
|
|
51,174 |
|
| Total debt obligations |
|
|
|
$ |
62,624 |
|
|
$ |
62,789 |
|
|
|
|
|
|
5.15 |
% |
|
8.9 |
|
$ |
51,004 |
|
|
$ |
65,479 |
|
|
$ |
65,649 |
|
|