Schedule of Debt Outstanding |
Debt outstanding consists of the following (in thousands):
|
|
December 31, |
|
|
|
2020 |
|
|
2019 |
|
Revolving Credit Facility maturing April 2023. Interest payable
periodically at variable interest rates. The weighted average rate
at December 31, 2020 and 2019 was 1.7% and 3.3%, respectively. |
|
$ |
219,000 |
|
|
$ |
365,000 |
|
Term Loan A maturing April 2023. Interest payable periodically at
variable interest rates. The rate at December 31, 2020 and 2019
was 1.6% and 3.3%, respectively. Unamortized debt issuance
costs amounted to $0.1 million at both December 31, 2020 and
2019. |
|
|
180,000 |
|
|
|
190,000 |
|
Term Loan B maturing December 2024. Interest payable periodically
at variable interest rates. The rate at December 31, 2020 and 2019
was 5.5% and 6.3%, respectively. Unamortized debt issuance costs
amounted to $4.1 million and $4.6 million at December 31, 2020
and 2019, respectively. |
|
|
237,500 |
|
|
|
250,000 |
|
4.625% Senior Notes maturing May 2023. Unamortized debt
issuance costs amounted to $1.5 million and $2.1 million
at December 31, 2020 and 2019, respectively. |
|
|
350,000 |
|
|
|
350,000 |
|
5.0% Senior Notes maturing October 2022. Unamortized debt
issuance costs amounted to $0.8 million and $1.3 million at
December 31, 2020 and 2019, respectively. |
|
|
250,000 |
|
|
|
250,000 |
|
4.75% Senior Notes maturing October 2027. Unamortized debt
issuance costs amounted to $2.7 million and $3.1 million at
December 31, 2020 and 2019, respectively. |
|
|
250,000 |
|
|
|
250,000 |
|
4.5% Capital Commerce Center Non-Recourse Mortgage Note
maturing January 2033. Unamortized debt issuance costs
amounted to $0.3 million at both December 31, 2020 and 2019. |
|
|
20,934 |
|
|
|
22,209 |
|
4.43% Lansing Correctional Center Non-Recourse Mortgage Note
maturing January 2040. Unamortized debt issuance costs amounted
to $3.1 million and $3.3 million at December 31, 2020
and 2019, respectively. |
|
|
157,607 |
|
|
|
159,522 |
|
4.5% SSA- Baltimore Non-Recourse Mortgage Note maturing
February 2034. Unamortized debt issuance costs amounted to
$0.2 million at both December 31, 2020 and 2019. |
|
|
144,476 |
|
|
|
150,134 |
|
Total debt |
|
|
1,809,517 |
|
|
|
1,986,865 |
|
Unamortized debt issuance costs |
|
|
(12,766 |
) |
|
|
(14,993 |
) |
Unamortized original issue discount |
|
|
(10,000 |
) |
|
|
(12,500 |
) |
Current portion of long-term debt |
|
|
(39,087 |
) |
|
|
(31,349 |
) |
Long-term debt, net |
|
$ |
1,747,664 |
|
|
$ |
1,928,023 |
|
|
Schedule of Principal Payments |
Scheduled principal payments as of December 31, 2020 for the next five years and thereafter were as follows (in thousands):
2021 |
|
$ |
39,087 |
|
2022 |
|
|
292,981 |
|
2023 |
|
|
758,110 |
|
2024 |
|
|
194,937 |
|
2025 |
|
|
14,556 |
|
Thereafter |
|
|
509,846 |
|
Total debt |
|
$ |
1,809,517 |
|
|