Debt (Tables)

12 Months Ended

Oct. 31, 2020

Debt as of October 31, 2020 and 2019 consisted of the following (in thousands):

	2020			2019
Orion Energy Partners Credit Facility	$	80,000			14,500
Connecticut Green Bank Loans		4,800			1,800
Connecticut Green Bank Loan (BFC Loan)		5,065			5,755
Liberty Bank Term Loan Agreement (BFC Loan)		9,549			11,632
Fifth Third Bank Term Loan Agreement (BFC Loan)		9,549			11,632
Finance obligations for sale-leaseback transactions		49,274			45,219
State of Connecticut Loan		9,454			10,000
New Britain Renewable Energy Term Loan		-			497
Enhanced Capital Loan and Security Agreement		-			1,500
Fifth Third Bank Construction Loan Agreement		-			11,072
Liberty Bank Promissory Note (PPP Note)		6,515			-
Finance lease obligations		38			141
Deferred finance costs		(3,737	)		(3,180	)
Unamortized debt discount		(5,152	)		(4,251	)
Total debt	$	165,355		$	106,317
Current portion of long-term debt		(21,366	)		(21,916	)
Long-term debt	$	143,989		$	84,401

Aggregate Annual Principal Payments under Loan Agreements and Finance Lease Obligations

Aggregate annual principal payments under our loan agreements and finance lease obligations for the years subsequent to October 31, 2020 are as follows (in thousands):

Year 1	$	22,708
Year 2		22,594
Year 3		20,832
Year 4		21,160
Year 5		19,753
Thereafter ⁽¹⁾		38,227
	$	145,274

(1)

The annual principal payments included above only include sale-leaseback payments whereas the difference between debt outstanding as of October 31, 2020 and the annual principal payments represent accreted interest and amounts included in the finance obligation that exceed required principal payments.