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BONDS AND BONDS INTEREST PAYABLE (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of bonds and interest payable

Following is the outstanding balance of SPC’s Bonds and interest payable as of March 31, 2020 and December 31, 2019 (dollars in thousands):

		March 31,				December 31,
		2020				2019
Bonds (Series A)		$	78,541			$	92,653
Bonds (Series B)			38,626				39,844
Bonds (Series B expansion)			20,281				20,920
Bonds (Series C)			77,139				79,572
Total outstanding bonds		$	214,587			$	232,989
Less: deferred bond issuance costs			(8,946	)			(9,724	)
Total outstanding bonds, net			205,641				223,265
Accrued Interest			2,191				6,457
Total outstanding bonds, net and accrued interest		$	207,832			$	229,722

Schedule of aggregate maturity of the bonds

The aggregate maturity of the bonds are as follows:

		March 31,				December 31,
Year		2020				2019
2020		$	11,220			$	23,148
2021			34,222				35,301
2022			34,222				35,301
2023			111,361				114,873
2024			11,781				12,153
Thereafter			11,781				12,213
		$	214,587			$	232,989

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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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