| Schedule of debt obligations |
The following table presents certain information regarding the Company’s debt obligations at September 30, 2019 and December 31, 2018:
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September 30, 2019 |
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December 31, 2018 |
Debt Obligation/Collateral |
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Month Issued |
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Outstanding
Face
Amount |
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Carrying
Value |
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Final Stated Maturity |
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Weighted
Average
Coupon |
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Weighted Average
Funding
Cost (A) |
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Weighted Average Life (Years) |
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Face Amount of
Floating Rate Debt |
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Outstanding Face Amount |
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Carrying Value |
Credit Facilities and Finance Leases |
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Vineyard II |
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Dec 1993 |
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$ |
200 |
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$ |
200 |
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Dec 2043 |
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2.80% |
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2.80 |
% |
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24.2 |
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$ |
200 |
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$ |
200 |
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$ |
200 |
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Finance leases (Equipment) |
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Jun 2014 - Sep 2019 |
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20,419 |
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20,419 |
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Oct 2019 - Mar 2025 |
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3.00% to 15.00% |
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7.23 |
% |
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3.6 |
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— |
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15,778 |
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15,778 |
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20,619 |
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20,619 |
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7.19 |
% |
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3.8 |
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200 |
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15,978 |
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15,978 |
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Less current portion of obligations under finance leases |
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6,222 |
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6,222 |
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5,489 |
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5,489 |
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Credit facilities and obligations under finance leases - noncurrent |
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14,397 |
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14,397 |
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10,489 |
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10,489 |
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Corporate |
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Junior subordinated notes payable (B) |
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Mar 2006 |
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51,004 |
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51,194 |
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Apr 2035 |
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LIBOR+2.25% |
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4.48 |
% |
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15.6 |
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51,004 |
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51,004 |
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51,200 |
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Total debt obligations |
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$ |
71,623 |
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$ |
71,813 |
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5.26 |
% |
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12.2 |
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$ |
51,204 |
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$ |
66,982 |
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$ |
67,178 |
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(A) |
Including the effect of deferred financing costs. |
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(B) |
Interest rate based on 3 month LIBOR plus 2.25%.
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