Debt (Tables)

12 Months Ended

Oct. 31, 2023

Debt

Schedule of Debt

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

	October 31,		October 31,
	2023		2022
Connecticut Green Bank Loan	$	—	$	4,800
Connecticut Green Bank Loan (Bridgeport Fuel Cell Project)		—		3,507
Liberty Bank Term Loan Agreement (Bridgeport Fuel Cell Project)		—		5,382
Fifth Third Bank Term Loan Agreement (Bridgeport Fuel Cell Project)		—		5,382
Connecticut Green Bank Loan (Subordinated Back Leverage Loan Facility)		8,000		—
Liberty Bank Loan (Senior Back Leverage Loan Facility)		5,876		—
Amalgamated Bank Loan (Senior Back Leverage Loan Facility)		5,873		—
Finance obligation for sale-leaseback transactions		18,814		56,625
State of Connecticut Loan		6,908		7,774
Finance lease obligations		12		57
OpCo Financing Facility		77,510		—
Deferred finance costs		(3,526)		(1,152)
Total debt and finance obligations		119,467		82,375
Current portion of long-term debt and finance obligations		(10,067)		(13,198)
Long-term debt and finance obligations	$	109,400	$	69,177

Aggregate Annual Principal Payments under Loan Agreements and Finance Lease Obligations

Aggregate annual principal payments under our loan agreements, finance obligation, and finance lease obligations for the years subsequent to October 31, 2023 are as follows (in thousands):

Year 1	$	10,712
Year 2		12,534
Year 3		12,475
Year 4		8,487
Year 5		9,858
Thereafter (1)		59,858
	$	113,924

(1) The annual principal payments included above only include sale-leaseback payments whereas the difference between debt outstanding as of October 31, 2023 and the annual principal payments represent accreted interest and amounts included in the finance obligation that exceed required principal payments.