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Long-Term Debt and Bank Facility Borrowings (Tables)
 12 Months Ended
Sep. 30, 2014
Partnership's Debt

The Partnership’s debt is as follows (in thousands):

 

     September 30,  
     2014      2013  
     Carrying
Amount		      Fair Value (a)      Carrying
Amount		      Fair Value (a)  

8.875% Senior Notes (b)

    $ 124,572       $ 130,313       $ 124,460       $ 130,000   

Revolving Credit Facility Borrowings (c)

      —           —           —           —     
  

 

 

     

 

 

     

 

 

     

 

 

  

Total debt

    $ 124,572       $ 130,313       $ 124,460       $ 130,000   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total long-term portion of debt

    $ 124,572       $ 130,313       $ 124,460       $ 130,000   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(a) The Partnership’s fair value estimates of long-term debt are made at a specific point in time, based on Level 2 inputs.
(b) The 8.875% Senior Notes were originally issued in November 2010 in a private placement offering pursuant to Rule 144A and Regulation S under the Securities Act of 1933, and in February 2011, were exchanged for substantially identical public notes registered with the Securities and Exchange Commission. These public notes mature in December 2017 and accrue interest at an annual rate of 8.875% requiring semi-annual interest payments on June 1 and December 1 of each year. The discount on these notes was $0.4 million at September 30, 2014. Under the terms of the indenture, these notes permit restricted payments after passing particular financial tests. The Partnership can incur debt up to $100 million for acquisitions and can also pay restricted payments of $22.0 million without passing certain financial tests.
(c) In January 2014, the Partnership entered into a second amended and restated asset based revolving credit facility agreement with a bank syndicate comprised of fifteen participants, which replaced the then existing revolving credit facility.
Maturities Including Working Capital Borrowings

As of September 30, 2014, the maturities including working capital borrowings during fiscal years ending September 30, are set forth in the following table (in thousands):

 

2015

    $ —    

2016

    $ —    

2017

    $ —    

2018

    $ 125,000   

2019

    $ —    

Thereafter

    $ —