Quarterly report pursuant to Section 13 or 15(d)

DEBT

v3.22.2.2
DEBT
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
DEBT DEBT
The following table presents certain information regarding the Company’s debt obligations at September 30, 2022 and December 31, 2021:
    September 30, 2022 December 31, 2021
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 1.79% 5.03  % 21.2 $ —  $ 200  $ 200 
Finance leases (Equipment) Jan 2017 - Apr 2022 11,420  11,420  Jun 2022 - Aug 2027
3.95% to 8.65%
 5.69  % 3.3 —  14,275  14,275 
11,620  11,620  5.73  % 3.6 —  14,475  14,475 
Less current portion of obligations under finance leases 4,847  4,847  5,400  5,400 
Credit facilities and obligations under finance leases - noncurrent 6,773  6,773  9,075  9,075 
Corporate                  
Junior subordinated notes payable (B)
Mar 2006 51,004  51,169  Apr 2035
 LIBOR+2.25%
 5.03  % 10.09 51,004  51,004  51,174 
Total debt obligations   $ 62,624  $ 62,789        5.15  % 8.9 $ 51,004  $ 65,479  $ 65,649 
Including the effect of deferred financing costs. (B)Collateral for this obligation is the Company's general credit.