Drive Shack Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

DEBT OBLIGATIONS (Tables)

DEBT OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of debt obligations

The following table presents certain information regarding the Company's debt obligations:



		December 31, 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	%		24.0		200				200				200
Finance Leases (Equipment)		June 2014 - Dec 2019		19,079				19,079				Jan 2020 - Jul 2025		3.00% to 15.00%		7.27	%		3.5		—				15,778				15,778
				19,279				19,279								7.22	%		3.7		200				15,978				15,978
Less current portion of obligations under finance leases				6,154				6,154																	5,489				5,489
Credit facilities and obligations under finance leases - noncurrent				13,125				13,125																	10,489				10,489
Corporate
Junior subordinated notes payable (B)		Mar 2006		51,004				51,192				Apr 2035		3-mon LIBOR+2.25%		4.15	%		15.3		51,004				51,004				51,200
Total debt obligations				$	70,283			$	70,471							4.99	%		12.1		$	51,204			$	66,982			$	67,178


(A)	Including the effect of deferred financing cost.


(B)	Collateral for this obligation is the Company's general credit.

Schedule of contractual maturities of debt obligations

The Company’s debt obligations have contractual maturities as follows:



	Nonrecourse				Recourse				Total
2020	$	6,063			$	—			$	6,063
2021	5,088				—				5,088
2022	3,829				—				3,829
2023	3,060				—				3,060
2024	1,006				—				1,006
Thereafter	233				51,004				51,237
Total	$	19,279			$	51,004			$	70,283