Schedule of Long-term Debt Instruments |
Long-term debt is comprised of the following (in thousands): | | | | | | | | | | | | | | | | | April 30, 2021 | | October 31, 2020 | Farm Credit West revolving and non-revolving lines of credit: the interest rate of the revolving line of credit is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 0.11% at April 30, 2021, plus 1.60%. The interest rate for the $40.0 million outstanding balance of the non-revolving line of credit was fixed at 4.77%. Interest is payable monthly and the principal is due in full on July 1, 2022. | | $ | 109,484 | | | $ | 102,251 | | Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 2.48%. The loan is payable in quarterly installments through November 2022. | | 1,125 | | | 1,438 | | Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 3.24%. The loan is payable in monthly installments through October 2035. | | 1,002 | | | 1,029 | | Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 3.24%. The loan is payable in monthly installments through March 2036. | | 8,220 | | | 8,433 | | Farm Credit West term loan: Effective July 1, 2020 the interest rate was fixed at 2.77% until July 1, 2025, becoming variable for the remainder of the loan. The loan is payable in monthly installments through March 2036. | | 6,057 | | | 6,220 | | Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023. | | 2,739 | | | 3,491 | | Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. | | 1,067 | | | 1,205 | | Note Payable: the interest rate ranges from 5.00% to 7.00% and was 6.50% at April 30, 2021. The loan includes interest only monthly payments and principal is due in February 2023. | | 1,435 | | | 1,435 | | Banco de Chile COVID-19 loans: The interest rates are fixed at 3.48% and 2.90%. The loans are payable in monthly installments beginning February 2021 through September 2024. | | 551 | | | 522 | | Subtotal | | 131,680 | | | 126,024 | | Less deferred financing costs, net of accumulated amortization | | 154 | | | 176 | | Total long-term debt, net | | 131,526 | | | 125,848 | | Less current portion | | 3,336 | | | 3,277 | | Long-term debt, less current portion | | $ | 128,190 | | | $ | 122,571 | |
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