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v3.23.3

Borrowings (Tables) | 9 Months Ended
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Sep. 30, 2023
Borrowings [Abstract] |
Summary Of Borrowings |
|  | As of September 30, 2023
(Dollars in thousands) |  | Maturity Date |  | Contractual ‎Facility |  | Balance, ‎Gross |  | Balance, ‎Net(1) |  | Stated ‎Interest Rate |  | Effective ‎Interest ‎Rate
Denominated in USD |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trust Preferred Securities (US) |  | April 30, 2027 |  | $ | 27,913 |  | $ | 27,913 |  | $ | 27,117 |  | 9.63% |  | 9.63%
Bank of America Credit Facility (US) |  | September 4, 2024 |  |  | 22,375 |  |  | 22,375 |  |  | 22,260 |  | 11.00% |  | 11.00%
Cinemas 1, 2, 3 Term Loan (US) |  | October 1, 2024 |  |  | 21,061 |  |  | 21,061 |  |  | 20,805 |  | 8.31% |  | 8.31%
Minetta & Orpheum Theatres Loan (US)(2) |  | November 1, 2023 |  |  | 8,000 |  |  | 8,000 |  |  | 7,998 |  | 8.22% |  | 6.00%
U.S. Corporate Office Term Loan (US) |  | January 1, 2027 |  |  | 8,471 |  |  | 8,471 |  |  | 8,422 |  | 4.64% / 4.44% |  | 4.61%
Union Square Financing (US) |  | May 6, 2024 |  |  | 55,000 |  |  | 46,840 |  |  | 46,447 |  | 12.52% |  | 12.52%
Purchase Money Promissory Note (US) |  | September 18, 2024 |  |  | 776 |  |  | 776 |  |  | 776 |  | 5.00% |  | 5.00%
Denominated in foreign currency ("FC") (3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
NAB Corporate Term Loan (AU) |  | July 31, 2025 |  |  | 64,831 |  |  | 64,831 |  |  | 64,708 |  | 5.85% |  | 5.85%
Westpac Bank Corporate (NZ) |  | January 1, 2024 |  |  | 8,322 |  |  | 8,322 |  |  | 8,322 |  | 8.20% |  | 8.20%
|  |  |  | $ | 216,749 |  | $ | 208,589 |  | $ | 206,855 |  |  |  |
(1)Net of deferred financing costs amounting to $1.7 million. (2)The interest rate derivative associated with the Minetta & Orpheum loan provides for an effective fixed rate of 6.00%. (3)The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of September 30, 2023.
|  | As of December 31, 2022
(Dollars in thousands) |  | Maturity Date |  | Contractual ‎Facility |  | Balance, ‎Gross |  | Balance, ‎Net(1) |  | Stated ‎Interest ‎Rate |  | Effective ‎Interest ‎Rate
Denominated in USD |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trust Preferred Securities (US) |  | April 30, 2027 |  | $ | 27,913 |  | $ | 27,913 |  | $ | 26,950 |  | 8.41% |  | 8.41%
Bank of America Credit Facility (US)(5) |  | March 1, 2024 |  |  | 26,750 |  |  | 26,750 |  |  | 26,663 |  | 10.00% |  | 10.00%
Cinemas 1, 2, 3 Term Loan (US)(5) |  | April 1, 2023 |  |  | 22,455 |  |  | 22,455 |  |  | 22,208 |  | 6.63% |  | 6.63%
Minetta & Orpheum Theatres Loan (US)(2) |  | November 1, 2023 |  |  | 8,000 |  |  | 8,000 |  |  | 7,974 |  | 7.12% |  | 5.15%
U.S. Corporate Office Term Loan (US) |  | January 1, 2027 |  |  | 8,674 |  |  | 8,674 |  |  | 8,613 |  | 4.64% / 4.44% |  | 4.64%
Union Square Financing (US)(3) |  | May 6, 2024 |  |  | 55,000 |  |  | 43,000 |  |  | 42,484 |  | 11.25% |  | 7.40%
Purchase Money Promissory Note (US) |  | September 18, 2024 |  |  | 1,333 |  |  | 1,333 |  |  | 1,333 |  | 5.00% |  | 5.00%
Denominated in foreign currency ("FC")(4) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
NAB Corporate Term Loan (AU) |  | June 30, 2024 |  |  | 68,731 |  |  | 68,731 |  |  | 68,662 |  | 4.82% |  | 4.82%
Westpac Bank Corporate (NZ) |  | January 1, 2024 |  |  | 8,777 |  |  | 8,777 |  |  | 8,777 |  | 6.95% |  | 6.95%
Total |  |  |  | $ | 227,633 |  | $ | 215,633 |  | $ | 213,664 |  |  |  |
(1)Net of deferred financing costs amounting to $2.0 million. (2)The interest rate derivative associated with the Minetta & Orpheum loan provided for an effective fixed rate of 5.15%. (3)The interest rate derivative associated with the Union Square loan provided for an effective fixed rate of 7.40%. (4)The contractual facilities and outstanding balances of the foreign currency denominated borrowings were translated into U.S. dollars based on the applicable exchange rates as of December 31, 2022. (5)This financing facilities were extended after December 31, 2022.
Schedule Of Long-term Debt Instruments, Net Of The Deferred Financing Costs |
|  | September 30, |  | December 31,
Balance Sheet Caption (Dollars in thousands) |  | 2023 |  | 2022
Debt - current portion |  | $ | 40,402 |  | $ | 37,279
Debt - long-term portion |  |  | 138,560 |  |  | 148,688
Subordinated debt - current portion |  |  | 776 |  |  | 747
Subordinated debt - long-term portion |  |  | 27,117 |  |  | 26,950
Total borrowings |  | $ | 206,855 |  | $ | 213,664

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