Quarterly report pursuant to Section 13 or 15(d)

DEBT OBLIGATIONS (Tables)

v3.19.2
DEBT OBLIGATIONS (Tables)
6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Schedule of debt obligations
The following table presents certain information regarding the Company’s debt obligations at June 30, 2019 and December 31, 2018:
 
 
 
 
June 30, 2019
 
December 31, 2018
Debt Obligation/Collateral
 
Month Issued
 
Outstanding
Face
Amount
 
Carrying
Value
 
Final Stated Maturity
 
Weighted
Average
Coupon (A)
 
Weighted Average
Funding
Cost (B)
 
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
%
 
24.5
 
$
200

 
$
200

 
$
200

Finance leases (Equipment)
 
Jun 2014 - Jun 2019
 
22,908

 
22,908

 
Jul 2019 - Jan 2025
 
3.00% to 15.00%
 
7.22
%
 
3.7
 

 
15,778

 
15,778

 
 
 
 
23,108

 
23,108

 
 
 
 
 
7.19
%
 
3.9
 
200

 
15,978

 
15,978

Less current portion of obligations under finance leases
 
 
 
7,675

 
7,675

 
 
 
 
 
 
 
 
 
 
 
5,489

 
5,489

Credit facilities and obligations under finance leases - noncurrent
 
 
 
15,433

 
15,433

 
 
 
 
 
 
 
 
 
 
 
10,489

 
10,489

Corporate
 
 
 
 

 
 

 
 
 
 
 
 

 
 
 
 

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

 
51,196

 
Apr 2035
 
LIBOR+2.25%
 
4.80
%
 
15.8
 
51,004

 
51,004

 
51,200

Total debt obligations
 
 
 
$
74,112

 
$
74,304

 
 
 
 
 
5.54
%
 
12.1
 
$
51,204

 
$
66,982

 
$
67,178

(A)
Weighted average, including floating and fixed rate classes.
(B)
Including the effect of deferred financing costs.
(C)
Interest rate based on 3 month LIBOR plus 2.25%.