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Credit Agreements, Notes Payable, Subordinated and Convertible Debentures Payable
9 Months Ended
Sep. 30, 2021
Credit Agreements, Notes Payable, Subordinated and Convertible Debentures Payable  
Note 6. Credit Agreements, Notes Payable, Subordinated and Convertible Debentures Payable

(6)

Credit Agreements: Notes Payable and Subordinated and Convertible Debentures Payable

 

 

 

Credit agreements consisted of the following:

 

 

 

September 30,

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

 

($ in thousands)

 

Notes payable - $1,176,000 bearing

 

 

 

 

 

 

interest at prime plus 2%,

 

 

 

 

 

 

the remainder non-interest bearing,

 

 

 

 

 

 

all past due

 

$1,198

 

 

$1,198

 

 

 

 

 

 

 

 

 

 

Subordinated convertible debentures payable:

 

 

 

 

 

 

 

 

At 6% interest; due May 1992

 

 

8,025

 

 

 

8,025

 

 

 

 

8,025

 

 

 

8,025

 

 

 

$9,223

 

 

$9,223