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Debt
 3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Debt

Note 6. Debt

 

The Company’s debt is comprised of the following:

 

    March 31, 2019     December 31, 2018  
Revolving lines of credit   $ 25,601     $ 19,146  
Finance lease     344       380  
Unsecured senior note     210,000       210,000  
Other loans     16,698       17,804  
Less: Deferred cost of financing     (4,746 )     (5,015 )
Total obligations under borrowing arrangements     247,896       242,315  
Less: Current portion of long-term debt and other current borrowings     28,048       21,606  
Long-term debt   $ 219,848     $ 220,709  

 

As of March 31, 2019, and December 31, 2018, the Company had $246,917 and $224,041 of debt denominated in US Dollars with the remaining amounts denominated in Colombian Pesos.

 

The Company had $5,122 and $5,038 of property, plant and equipment pledged as collateral for various lines of credit as of March 31, 2019 and December 31, 2018, respectively.

 

As of March 31, 2019, the Company was obligated under various capital leases under which the aggregate present value of the minimum lease payments amounted to $344. Differences between capital lease obligations and the value of property, plant and equipment under capital lease arises from differences between the maturities of capital lease obligations and the useful lives of the underlying assets.

 

Maturities of long-term debt and other current borrowings are as follows as of March 31, 2019:

 

2019   $ 28,048  
2020     2,432  
2021     2,412  
2022     212,411  
2023     2,368  
Thereafter     4,971  
Total   $ 252,642  

 

The Company’s loans have maturities ranging from a few weeks to 11 years. Our credit facilities bear interest at a weighted average of rate of 7.51%.