Summary of Debt |
A summary of debt is as follows: | | | | | | | | | | | | | September 30, 2021 | | December 31, 2020 | Senior Secured Credit Facility: | | | | Revolving line of credit facility ("Revolving Credit Facility") due May 2023; bearing interest at LIBOR plus 1.50% | $ | — | | | $ | — | | Term loan A facility ("Term Loan Facility") due May 2023; bearing interest at LIBOR plus 1.50% | 347,375 | | | 350,000 | | | | | | Tax-Exempt Bonds: | | | | New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014 ("New York Bonds 2014R-1") due December 2044 - fixed rate interest period through 2029; bearing interest at 2.875% | 25,000 | | | 25,000 | | New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014R-2 ("New York Bonds 2014R-2") due December 2044 - fixed rate interest period through 2026; bearing interest at 3.125% | 15,000 | | | 15,000 | | New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2020 ("New York Bonds 2020") due September 2050 - fixed rate interest period through 2025; bearing interest at 2.750% | 40,000 | | | 40,000 | | Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2005R-3 ("FAME Bonds 2005R-3") due January 2025 - fixed rate interest period through 2025; bearing interest at 5.25% | 25,000 | | | 25,000 | | Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2015R-1 ("FAME Bonds 2015R-1") due August 2035 - fixed rate interest period through 2025; bearing interest at 5.125% | 15,000 | | | 15,000 | | Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2015R-2 ("FAME Bonds 2015R-2") due August 2035 - fixed rate interest period through 2025; bearing interest at 4.375% | 15,000 | | | 15,000 | | Vermont Economic Development Authority Solid Waste Disposal Long-Term Revenue Bonds Series 2013 ("Vermont Bonds") due April 2036 - fixed rate interest period through 2028; bearing interest at 4.625% | 16,000 | | | 16,000 | | Business Finance Authority of the State of New Hampshire Solid Waste Disposal Revenue Bonds Series 2013 ("New Hampshire Bonds") due April 2029 - fixed rate interest period through 2029; bearing interest at 2.95% | 11,000 | | | 11,000 | | Other: | | | | Finance leases maturing through December 2107; bearing interest at a weighted average of 3.6% | 44,804 | | | 31,486 | | Notes payable maturing through June 2027; bearing interest at a weighted average of 3.4% | 4,377 | | | 4,933 | | Principal amount of debt | 558,556 | | | 548,419 | | Less—unamortized debt issuance costs (1) | 7,053 | | | 8,768 | | Debt less unamortized debt issuance costs | 551,503 | | | 539,651 | | Less—current maturities of debt | 16,751 | | | 9,240 | | | $ | 534,752 | | | $ | 530,411 | |
(1)A summary of unamortized debt issuance costs by debt instrument follows: | | | | | | | | | | | | | September 30, 2021 | | December 31, 2020 | Revolving Credit Facility and Term Loan Facility (collectively, the "Credit Facility") | $ | 2,609 | | | $ | 3,839 | | New York Bonds 2014R-1 | 950 | | | 1,000 | | New York Bonds 2014R-2 | 283 | | | 329 | | New York Bonds 2020 | 1,328 | | | 1,461 | | FAME Bonds 2005R-3 | 283 | | | 347 | | FAME Bonds 2015R-1 | 430 | | | 482 | | FAME Bonds 2015R-2 | 287 | | | 343 | | Vermont Bonds | 446 | | | 487 | | New Hampshire Bonds | 437 | | | 480 | | | $ | 7,053 | | | $ | 8,768 | |
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Summary of Cash Flow Hedges |
A summary of the effect of cash flow hedges related to derivative instruments on the consolidated balance sheet follows: | | | | | | | | | | | | | | | | | | | | | Fair Value | | Balance Sheet Location | | September 30, 2021 | | December 31, 2020 | | | | | | | Interest rate swaps | Other non-current assets | | $ | 228 | | | $ | — | | | | | | | | | | | | | | Interest rate swaps | Other accrued liabilities | | $ | 4,612 | | | $ | 4,774 | | Interest rate swaps | Other long-term liabilities | | 2,992 | | | 8,463 | | | | | $ | 7,604 | | | $ | 13,237 | | | | | | | | Interest rate swaps | Accumulated other comprehensive loss, net of tax | | $ | (7,568) | | | $ | (13,434) | | Interest rate swaps - tax effect | Accumulated other comprehensive loss, net of tax | | 538 | | | 1,917 | | | | | $ | (7,030) | | | $ | (11,517) | |
A summary of the amount of expense on cash flow hedging relationships related to interest rate swaps reclassified from accumulated other comprehensive loss into earnings follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | Statement of Operations Location | | 2021 | | 2020 | | 2021 | | 2020 | Interest expense | | $ | 1,204 | | | $ | 1,156 | | | $ | 3,551 | | | $ | 2,513 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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