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DEBT (Tables)
12 Months Ended
Dec. 31, 2021
Line of Credit Facility  
Schedule of components of Long-term debt

December 31, 

December 31, 

    

2021

    

2020

 

Principal amount

 

$

246,000

 

$

449,228

Less: Unamortized debt financing costs

 

(7,771)

 

(9,653)

Less: Current portion

 

 

(80,642)

Long-term debt, net

 

$

238,229

 

$

358,933

Schedule of long-term debt

December 31, 2021

December 31, 2020

Unamortized

Unamortized

Debt Issuance

Debt Issuance

    

Principal

    

Cost

    

Principal

    

Cost

 

$450 Million Credit Facility

$

246,000

$

7,771

$

$

$495 Million Credit Facility

334,288

8,222

$133 Million Credit Facility

114,940

1,431

Total debt

$

246,000

 

$

7,771

$

449,228

 

$

9,653

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

For the Years Ended December 31,

2021

2020

2019

Effective Interest Rate

3.22

%  

3.71

%  

5.31

%  

Range of Interest Rates (excluding unused commitment fees)

2.24 % to 3.48

%  

2.65 % to 3.50

%  

4.05 % to 5.76

%  

Secured Debt | $450 Million Credit Facility  
Line of Credit Facility  
Scheduled repayment of outstanding debt

Year Ending December 31, 

    

Total

2025

$

2,710

2026

243,290

Total debt

$

246,000