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DEBT (Tables)
12 Months Ended
Dec. 31, 2020
Line of Credit Facility  
Schedule of components of Long-term debt

December 31, 

December 31, 

    

2020

    

2019

 

Principal amount

 

$

449,228

 

$

495,824

Less: Unamortized debt financing costs

 

(9,653)

 

(13,094)

Less: Current portion

 

(80,642)

 

(69,747)

Long-term debt, net

 

$

358,933

 

$

412,983

Schedule of long-term debt

December 31, 2020

December 31, 2019

Unamortized

Unamortized

Debt Issuance

Debt Issuance

    

Principal

    

Cost

    

Principal

    

Cost

 

$495 Million Credit Facility

$

334,288

$

8,222

$

395,724

$

11,642

$133 Million Credit Facility

114,940

1,431

100,100

1,452

Total debt

$

449,228

 

$

9,653

$

495,824

 

$

13,094

Schedule of effective interest rate and the range of interest rates on the debt

For the Years Ended December 31,

    

2020

2019

2018

Effective Interest Rate

3.71

%  

5.31

%  

5.71

%  

Range of Interest Rates (excluding unused commitment fees)

2.65 % to 3.50

%  

4.05 % to 5.76

%  

3.83 % to 8.43

%  

Secured Debt | $133 Million Credit Facility  
Line of Credit Facility  
Scheduled repayment of outstanding debt

Year Ending December 31, 

    

Total

 

2021

$

14,000

2022

14,000

2023

 

86,940

Total debt

$

114,940

Secured Debt | $495 Million Credit Facility  
Line of Credit Facility  
Scheduled repayment of outstanding debt

Year Ending December 31, 

    

Total

2021

$

66,642

2022

66,642

2023

201,004

Total debt

$

334,288