Debt (Tables)

12 Months Ended

Oct. 31, 2019

Debt as of October 31, 2019 and 2018 consisted of the following (in thousands):

	2019			2018
Connecticut Development Authority Note	$	-		$	284
Orion Energy Partners Credit Facility		14,500			-
Connecticut Green Bank Loan		7,555			6,052
Liberty Bank Term Loan Agreement (BFC Loan)		11,632			-
Fifth Third Bank Term Loan Agreement (BFC Loan)		11,632			-
Finance obligations for sale-leaseback transactions		45,219			46,062
State of Connecticut Loan		10,000			10,000
Hercules Loan and Security Agreement		-			25,343
New Britain Renewable Energy Term Loan		497			1,107
Enhanced Capital Loan and Security Agreement		1,500			-
Fifth Third Bank Construction Loan Agreement		11,072			-
Capitalized lease obligations		141			341
Deferred finance costs		(3,180	)		(1,311	)
Unamortized debt discount		(4,251	)		-
Total debt	$	106,317		$	87,878
Current portion of long-term debt		(21,916	)		(17,596	)
Long-term debt	$	84,401		$	70,282

Aggregate Annual Principal Payments under Loan Agreements and Capital Lease Obligations

Aggregate annual principal payments under our loan agreements and capital lease obligations for the years subsequent to October 31, 2019 are as follows (in thousands):

Year 1	$	20,974
Year 2		10,586
Year 3		11,410
Year 4		10,417
Year 5		10,736
Thereafter ⁽¹⁾		21,917
	$	86,040

(1)

The annual principal payments included above only include sale-leaseback payments whereas the difference between debt outstanding as of October 31, 2019 and the annual principal payments represent accreted interest and amounts included in the finance obligation that exceed required principal payments.