| Summary of Long-Term Debt |
Long-term debt consists of the following:
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
|
|
| |
|
2014 |
|
|
2013 |
|
|
Revolving Credit Line issued under the Fourth Amended and Restated
Credit Agreement dated September 26, 2014. Interest is at
LIBOR plus between 1.375 and 2.25% (1.67% at December 31,
2014).
|
|
$ |
165,000 |
|
|
$ |
— |
|
|
|
|
|
Senior Term Note issued under the Third Amended and Restated Credit
Agreement dated July 18, 2013.
|
|
|
— |
|
|
|
185,250 |
|
|
|
|
|
Series 2007 Industrial Revenue Bonds issued through the Erie
County, New York Industrial Development Agency payable $340,000
annually through 2017 and $330,000 annually thereafter through
maturity with interest reset weekly. The entire amount was paid off
in November 2014.
|
|
|
— |
|
|
|
4,720 |
|
|
|
|
|
Series 1999 Industrial Revenue Bonds issued through the Erie
County, New York Industrial Development Agency payable $350,000
annually through 2017 and $145,000 in 2018, with interest reset
weekly. The entire amount was paid off in November 2014.
|
|
|
— |
|
|
|
1,545 |
|
|
|
|
|
Series 1998 Industrial Revenue Bonds issued through the Business
Finance Authority of the State of New Hampshire payable $400,000
annually through 2018 with interest reset weekly. The entire amount
was paid off in November 2014.
|
|
|
— |
|
|
|
2,050 |
|
|
|
|
|
Other Bank Debt
|
|
|
3,102 |
|
|
|
2,936 |
|
|
|
|
|
Capital Lease Obligations
|
|
|
14,906 |
|
|
|
3,819 |
|
|
|
|
|
|
|
|
|
|
|
|
|
183,008 |
|
|
|
200,320 |
|
|
Less Current Maturities
|
|
|
2,796 |
|
|
|
12,279 |
|
|
|
|
|
|
|
|
|
|
|
|
$ |
180,212 |
|
|
$ |
188,041 |
|
|
|
|
|
|
|
|
|
|
|
| Principal Maturities of Long-Term Debt |
Principal maturities of long-term debt are approximately:
|
|
|
|
|
| (In thousands) |
|
|
|
|
2015
|
|
$ |
2,796 |
|
|
2016
|
|
|
2,725 |
|
|
2017
|
|
|
2,829 |
|
|
2018
|
|
|
2,808 |
|
|
2019
|
|
|
166,874 |
|
|
Thereafter
|
|
|
4,976 |
|
|
|
|
|
|
|
|
$ |
183,008 |
|
|
|
|
|
|
|