Quarterly report pursuant to Section 13 or 15(d)

DEBT OBLIGATIONS (Tables)

v3.21.1
DEBT OBLIGATIONS (Tables)
3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Schedule of debt obligations
The following table presents certain information regarding the Company’s debt obligations at March 31, 2021 and December 31, 2020:
    March 31, 2021 December 31, 2020
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 2.43% 2.43  % 22.7 $ —  $ 200  $ 200 
Finance leases (Equipment) Jul 2014 - Mar 2021 17,633  17,633  Mar 2021 - Sep 2026
3.00% to 15.00%
6.37  % 3.5 —  19,021  19,021 
17,833  17,833  6.33  % 3.7 —  19,221  19,221 
Less current portion of obligations under finance leases 6,180  6,180  6,470  6,470 
Credit facilities and obligations under finance leases - noncurrent 11,653  11,653  12,751  12,751 
Corporate                  
Junior subordinated notes payable (B) Mar 2006 51,004  51,180  Apr 2035
LIBOR+2.25%
2.43  % 14.1 51,004  51,004  51,182 
Total debt obligations   $ 68,837  $ 69,013        3.69  % 11.6 $ 51,004  $ 70,225  $ 70,403 
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.