Debt

6 Months Ended

Apr. 30, 2023

Debt

Debt

Note 15. Debt

Debt as of April 30, 2023 and October 31, 2022 consisted of the following (in thousands):

	April 30,		October 31,
	2023		2022
Connecticut Green Bank Loan	$	4,800	$	4,800
Connecticut Green Bank Loan (Bridgeport Fuel Cell Project)		3,077		3,507
Liberty Bank Term Loan Agreement (Bridgeport Fuel Cell Project)		4,340		5,382
Fifth Third Bank Term Loan Agreement (Bridgeport Fuel Cell Project)		4,340		5,382
Finance obligation for sale-leaseback transactions		56,961		56,625
State of Connecticut Loan		7,342		7,774
Finance lease obligations		35		57
Deferred finance costs		(977)		(1,152)
Total debt and finance obligations		79,918		82,375
Current portion of long-term debt and finance obligations		(13,289)		(13,198)
Long-term debt and finance obligations	$	66,629	$	69,177

Subsequent to the end of the quarter, the Company entered into a project finance facility, the proceeds of which were used, in part, to pay off (i) approximately $1.8 million of the Company’s long-term indebtedness to Connecticut Green Bank (referred to in the table above as the “Connecticut Green Bank Loan”), and (ii) all of the outstanding senior and subordinated indebtedness of the Company and/or its subsidiaries to Liberty Bank, Fifth Third Bank and Connecticut Green Bank related to the Bridgeport Fuel Cell Project. See Note 18. “Subsequent Events” for additional information.