CREDIT FACILITIES (Tables)

9 Months Ended

Jul. 02, 2021

CREDIT FACILITIES

Summary of borrowings

A summary of borrowings at period end follows:

	Fixed/		July 2, 2021				September 30, 2020
	Variable	Maturity			Interest				Interest
Credit Facility Debt	Rate	Date	Balance		Rate		Balance		Rate
(in thousands)
M&T Bank credit facilities:
Revolving Credit Facility	v	6/4/2023	$	33,040	2.75	%	$	19,960	2.75	%
Master Lease	v	6/4/2023		241	3.00			1,782	3.00
Jetview Term Loan	v	3/1/2026		3,637	3.65			—	—
Total debt, gross				36,918				21,742
Unamortized debt issuance costs				(285)				(266)
Total debt, net				36,633				21,476
Less: current portion				(248)				—
Long-term debt			$	36,385			$	21,476

Schedule of Maturities of IEC's Borrowings

	Contractual
	Principal
Debt Repayment Schedule	Payments
(in thousands)
Twelve months ending fiscal third quarter
2022	$	248
2023 (1)		33,529
2024		248
2025		248
2026 and thereafter		2,645
	$	36,918

⁽¹⁾     Includes Revolver balance of $33.0 at July 2, 2021.