Corporate Borrowings (Tables)

3 Months Ended

Mar. 31, 2021

The following table presents the Company’s outstanding indebtedness:


Description(a)	March 31, 2021		December 31, 2020
Credit Agreement - Revolver, 1.12% (variable rate) due 2025	$	—	$	—


Prudential Note Purchase Agreement, 3.53% (fixed rate) due 2027	20,000		20,000
Prudential Note Purchase Agreement, 3.80% (fixed rate) due 2029	20,000		20,000
Total indebtedness outstanding	40,000		40,000
Less unamortized loan fees(b)	(124)		(129)
Total indebtedness outstanding, net	39,876		39,871
Less current maturities of long-term debt	(2,400)		(1,600)
Long-term debt and Credit Agreement - Revolver	$	37,476	$	38,271

(a) Interest rates are as of March 31, 2021.

(b) Loan fees are being amortized over the life of the Credit Agreement and Note Purchase Agreement.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details