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Borrowings (Tables)
9 Months Ended
Sep. 30, 2024
Borrowings [Abstract]  
Summary Of Borrowings

As of September 30, 2024

(Dollars in thousands)

Maturity Date

Contractual
Facility

Balance,
Gross

Balance,
Net(1)

Stated
Interest Rate

Effective
Interest
Rate

Denominated in USD

Trust Preferred Securities (US)

April 30, 2027

$

27,913 

$

27,913 

$

27,339 

9.52%

9.52%

Bank of America Credit Facility (US)

August 18, 2025

16,250 

16,250 

16,195 

11.00%

11.00%

Cinemas 1, 2, 3 Term Loan (US) (2)

October 1, 2024

20,775 

20,775 

20,775 

8.75%

8.75%

Minetta & Orpheum Theatres Loan (US)

June 1, 2025

7,742 

7,742 

7,710 

7.00%

7.00%

Union Square Financing (US)

May 6, 2025

55,000 

47,141 

46,980 

12.54%

12.54%

Denominated in foreign currency ("FC") (3)

NAB Corporate Term Loan (AU)

July 31, 2026

69,340 

69,340 

69,195 

6.10%

6.10%

NAB Bridge Facility (AU)

March 31, 2025

13,868 

13,868 

13,851 

6.12%

6.12%

Westpac Bank Corporate (NZ)

January 1, 2025

11,988 

11,988 

11,988 

7.95%

7.95%

$

222,876 

$

215,017 

$

214,033 

(1)Net of deferred financing costs amounting to $1.0 million.

(2)This financing facility was extended after September 30, 2024.

(3)The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of September 30, 2024.

As of December 31, 2023

(Dollars in thousands)

Maturity Date

Contractual
Facility

Balance,
Gross

Balance,
Net(1)

Stated
Interest
Rate

Effective
Interest
Rate

Denominated in USD

Trust Preferred Securities (US)

April 30, 2027

$

27,913 

$

27,913 

$

27,172

9.65%

9.65%

Bank of America Credit Facility (US)(3)

September 4, 2024

20,200

20,200

20,080

11.00%

11.00%

Cinemas 1, 2, 3 Term Loan (US)

October 1, 2024

21,008

21,008

20,780

8.84%

8.84%

Minetta & Orpheum Theatres Loan (US)

June 1, 2024

8,000 

8,000 

8,000

8.34%

8.34%

U.S. Corporate Office Term Loan (US)

January 1, 2027

8,401

8,401

8,356

4.64% / 4.44%

4.64% / 4.44%

Union Square Financing (US)

May 6, 2024

55,000 

47,141

46,925

12.53%

12.53%

Purchase Money Promissory Note (US)

September 18, 2024

586

586

586

5.00%

5.00%

Denominated in foreign currency ("FC")(2)

NAB Corporate Term Loan (AU)

July 31, 2025

68,276

68,276

68,173

6.11%

6.11%

Westpac Bank Corporate (NZ)

January 1, 2025

8,775

8,775

8,775

8.20%

8.20%

Total

$

218,159

$

210,300

$

208,847

(1)Net of deferred financing costs amounting to $1.5 million.

(2)The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of December 31, 2023.

(3)This financing facility was extended after December 31, 2023.

Schedule Of Long-term Debt Instruments, Net Of The Deferred Financing Costs

September 30,

December 31,

Balance Sheet Caption (Dollars in thousands)

2024

2023

Debt - current portion

$

52,624

$

34,484

Debt - long-term portion

134,070

146,605

Subordinated debt - current portion

586

Subordinated debt - long-term portion

27,339

27,172

Total borrowings

$

214,033

$

208,847