Summary Of Borrowings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2019
|
(Dollars in thousands)
|
|
Maturity Date
|
|
Contractual Facility
|
|
Balance, Gross
|
|
Balance, Net(1)
|
|
Stated Interest Rate
|
|
Effective Interest Rate
|
Denominated in USD
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trust Preferred Securities (USA)
|
|
April 30, 2027
|
|
$
|
27,913
|
|
$
|
27,913
|
|
$
|
26,311
|
|
5.94%
|
|
5.94%
|
Bank of America Credit Facility (USA)
|
|
March 6, 2023
|
|
|
55,000
|
|
|
33,500
|
|
|
33,445
|
|
4.80%
|
|
4.80%
|
Bank of America Line of Credit (USA)
|
|
March 6, 2023
|
|
|
5,000
|
|
|
—
|
|
|
—
|
|
4.80%
|
|
4.80%
|
Cinemas 1, 2, 3 Term Loan (USA)
|
|
April 1, 2022
|
|
|
18,658
|
|
|
18,658
|
|
|
18,532
|
|
3.25%
|
|
3.25%
|
Minetta & Orpheum Theatres Loan (USA)(2)
|
|
November 1, 2023
|
|
|
8,000
|
|
|
8,000
|
|
|
7,887
|
|
3.74%
|
|
5.15%
|
U.S. Corporate Office Term Loan (USA)
|
|
January 1, 2027
|
|
|
9,260
|
|
|
9,260
|
|
|
9,153
|
|
4.64% / 4.44%
|
|
4.64%
|
Union Square Construction Financing (USA)
|
|
December 29, 2020
|
|
|
50,000
|
|
|
36,048
|
|
|
36,035
|
|
6.02%
|
|
6.02%
|
Purchase Money Promissory Note
|
|
September 18, 2024
|
|
|
3,363
|
|
|
3,363
|
|
|
3,363
|
|
5.00%
|
|
5.00%
|
Denominated in foreign currency ("FC")(3)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NAB Corporate Term Loan (AU)
|
|
December 31, 2023
|
|
|
84,360
|
|
|
65,731
|
|
|
65,541
|
|
1.77%
|
|
1.77%
|
Westpac Bank Corporate (NZ)
|
|
December 31, 2023
|
|
|
21,584
|
|
|
6,745
|
|
|
6,745
|
|
3.05%
|
|
3.05%
|
Total
|
|
|
|
$
|
283,138
|
|
$
|
209,218
|
|
$
|
207,012
|
|
|
|
|
|
(1)
| |
Net of deferred financing costs amounting to $2.2 million. |
|
(2)
| |
The interest rate derivative associated with the Minetta & Orpheum loan provides for an effective fixed rate of 5.15%. |
|
(3)
| |
The contractual facilities and outstanding balances of the FC-denominated borrowings were translated into U.S. dollars based on exchange rates as of December 31, 2019. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2018
|
(Dollars in thousands)
|
|
Maturity Date
|
|
Contractual Facility
|
|
Balance, Gross
|
|
Balance, Net(1)
|
|
Stated Interest Rate
|
|
Effective Interest Rate
|
Denominated in USD
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trust Preferred Securities (USA)
|
|
April 30, 2027
|
|
$
|
27,913
|
|
$
|
27,913
|
|
$
|
26,061
|
|
6.52%
|
|
6.52%
|
Bank of America Credit Facility (USA)
|
|
May 1, 2020
|
|
|
55,000
|
|
|
25,000
|
|
|
25,000
|
|
5.02%
|
|
5.02%
|
Bank of America Line of Credit (USA)
|
|
October 31, 2019
|
|
|
5,000
|
|
|
—
|
|
|
—
|
|
5.48%
|
|
5.48%
|
Banc of America digital projector loan (USA)
|
|
December 28, 2019
|
|
|
2,604
|
|
|
2,604
|
|
|
2,604
|
|
5.00%
|
|
5.00%
|
Cinema 1, 2, 3 Term Loan (USA)
|
|
September 1, 2019
|
|
|
19,086
|
|
|
19,086
|
|
|
18,838
|
|
3.25%
|
|
3.25%
|
Minetta & Orpheum Theatres Loan (USA)
|
|
November 1, 2023
|
|
|
8,000
|
|
|
8,000
|
|
|
7,857
|
|
4.88%
|
|
4.88%
|
U.S. Corporate Office Term Loan (USA)
|
|
January 1, 2027
|
|
|
9,495
|
|
|
9,495
|
|
|
9,373
|
|
4.64% / 4.44%
|
|
4.61%
|
Union Square Construction Financing (USA)
|
|
December 29, 2019
|
|
|
57,500
|
|
|
27,182
|
|
|
25,280
|
|
6.76% / 12.51%
|
|
8.35%
|
Denominated in foreign currency ("FC")(2)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NAB Corporate Loan Facility (AU)
|
|
December 31, 2023
|
|
|
46,856
|
|
|
37,696
|
|
|
37,660
|
|
3.05%
|
|
3.05%
|
Westpac Corporate Credit Facility (NZ)
|
|
December 31, 2023
|
|
|
21,475
|
|
|
10,067
|
|
|
10,067
|
|
3.80%
|
|
3.80%
|
Total
|
|
|
|
$
|
252,929
|
|
$
|
167,043
|
|
$
|
162,740
|
|
|
|
|
|
(1)
| |
Net of deferred financing costs amounting to $4.3 million. |
|
(2)
| |
The contractual facilities and outstanding balances of the FC-denominated borrowings were translated into U.S. dollar based on exchange rates as of December 31, 2018. |
|
Schedule Of Construction Financing |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in thousands)
|
|
|
|
Facility Limits and Advances
|
|
|
|
|
Financing Component
|
|
Lender
|
|
Facility Limit
|
|
Advanced -to-Date
|
|
Remaining Facility
|
|
Interest Rate (1)
|
|
Maturity Date(2)
|
Senior loan
|
|
Bank of the Ozarks
|
|
|
8,000
|
|
|
8,000
|
|
|
—
|
|
Greater of (i) 4.75% and (ii) Adjusted LIBOR + 4.25%
|
|
December 29, 2020
|
Building loan
|
|
Bank of the Ozarks
|
|
|
31,130
|
|
|
26,236
|
|
|
4,894
|
|
Greater of (i) 4.75% and (ii) Adjusted LIBOR + 4.25%
|
|
December 29, 2020
|
Project loan
|
|
Bank of the Ozarks
|
|
|
10,870
|
|
|
1,812
|
|
|
9,058
|
|
Greater of (i) 4.75% and (ii) Adjusted LIBOR + 4.25%
|
|
December 29, 2020
|
Total 44 Union Square Financing
|
|
|
|
$
|
50,000
|
|
$
|
36,048
|
|
$
|
13,952
|
|
|
|
|
|
(1)
| |
Not to exceed the New York State maximum lawful borrowing rate, which typically is 16%. |
|
(2)
| |
Allowable for up to two (2) extension request options, one (1) year for each extension request. |
|