Quarterly report pursuant to Section 13 or 15(d)

DEBT OBLIGATIONS

v3.20.2
DEBT OBLIGATIONS
6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
DEBT OBLIGATIONS DEBT OBLIGATIONS
The following table presents certain information regarding the Company’s debt obligations at June 30, 2020 and December 31, 2019:
    June 30, 2020 December 31, 2019
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 3.09% 3.09  % 23.5 $ 200    $ 200    $ 200   
Finance leases (Equipment) Jul 2014 - Jun 2020 17,721    17,721    Aug 2020 - Sep 2025
3.00% to 15.00%
7.37  % 3.2 —    19,079    19,079   
17,921    17,921    7.32  % 3.4 200    19,279    19,279   
Less current portion of obligations under finance leases 5,860    5,860    6,154    6,154   
Credit facilities and obligations under finance leases - noncurrent 12,061    12,061    13,125    13,125   
Corporate                  
Junior subordinated notes payable (B) Mar 2006 51,004    51,187    Apr 2035
LIBOR+2.25%
2.98  % 14.8 51,004    51,004    51,192   
Total debt obligations   $ 68,925    $ 69,108          4.11  % 11.9 $ 51,204    $ 70,283    $ 70,471   
Including the effect of deferred financing costs. (B)Interest rate based on 3 month LIBOR plus 2.25%. Collateral for this obligation is the Company's general credit.