Long-Term Debt. Unsecured notes payable to Department of Budget and Finance of the State of Hawaii and assigned by the Department to the indenture trustee for the payment of amounts owing to the holders of special purpose revenue bonds and refunding special purpose revenue bonds (subsidiary obligations unconditionally guaranteed by HECO): HECO, 6.50%, series 2009, due 2039 $ 90,000 HELCO, 6.50%, series 2009, due 2039 60,000 HECO, 4.65%, series 2007A, due 2037 100,000 HELCO, 4.65%, series 2007A, due 2037 20,000 MECO, 4.65%, series 2007A, due 2037 20,000 * HECO, 5.65%, series 1997A, due 2027 50,000 * HELCO, 5.65%, series 1997A, due 2027 30,000 * MECO, 5.65%, series 1997A, due 2027 20,000 HECO, 4.60%, refunding series 2007B, due 2026 62,000 HELCO, 4.60%, refunding series 2007B, due 2026 8,000 MECO, 4.60%, refunding series 2007B, due 2026 55,000 HECO, 4.80%, refunding series 2005A, due 2025 40,000 HELCO, 4.80%, refunding series 2005A, due 2025 5,000 MECO, 4.80%, refunding series 2005A, due 2025 2,000 * HECO, 5.00%, refunding series 2003B, due 2022 40,000 * HELCO, 5.00%, refunding series 2003B, due 2022 12,000 * HELCO, 4.75%, refunding series 2003A, due 2020 14,000 HELCO, 5.50%, refunding series 1999A, due 2014 11,400 Total obligations to the State of Hawaii 639,400 SCHEDULE 5.15 (to Note Purchase and Guaranty Agreement) Other long-term debt – unsecured: HECO, 5.39%, series 2012E, unsecured senior note, due 20426.50 %, series 2004, junior subordinated deferrable interest debentures, due 2034HECO, 4.53%, series 2012F, unsecured senior note, due 2032HECO, 4.72%, series 2012D, unsecured senior note, due 2029HECO, 4.55%, series 2012C, unsecured senior note, due 2023HELCO, 4.55%, series 2012B, unsecured senior note, due 2023MECO, 4.55%, series 2012C, unsecured senior note, due 2023HECO, 4.03%, series 2012B, unsecured senior note, due 2020MECO, 4.03%, series 2012B, unsecured senior note, due 2020HECO, 3.79%, series 2012A, unsecured senior note, due 2018HELCO, 3.79%, series 2012A, unsecured senior note, due 2018MECO, 3.79%, series 2012A, unsecured senior note, due 2018 150,00051,54640,00035,00050,00020,00030,00062,00020,00030,00011,0009,000 Total long-term debt 1,147,946 Customer Deposits Deposits are used to secure customers' accounts HECO $ 13,614 HELCO 3,853 MECO 4,409 Total customer deposits 21,876 * set to be refinanced/redeemed with the proceeds of the sale of Notes issued under (1) this Note Purchase Agreement, (2) the separate Note Purchase and Guaranty Agreements of HELCO an...
Long-Term Debt the average of the long-term portion of the debt of the Company (determined in accordance with Section 6(b) hereof) outstanding at the end of each fiscal quarter for which the computation is being made (quarterly average basis).
Long-Term Debt. As of December 31, 1999, the Company was not in compliance with several formula-based covenants in its credit facilities. As a result of this non- compliance, all debt outstanding under the credit facilities and the convertible subordinated notes as of December 31, 1999 was potentially callable and due within one year, and therefore had been reclassified from long-term debt to a current classification. On July 14, 2000, a restructuring of the credit facilities was completed, and the Company became in compliance with all of the credit facilities covenants. DAVITA INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(Continued) (dollars in thousands) Long-term debt was comprised of the following: December 31, --------------------- 2000 -------- 1999 ----------- Credit facilities................................... $498,800 $ 959,610 Convertible subordinated notes, 7%, due 2009........ 345,000 345,000 Convertible subordinated notes, 5 5/8%, due 2006.... 125,000 125,000 Acquisition obligations and other notes payable..... 829 21,482 Capital lease obligations (see Note 11)............. Less current portion and long-term debt potentially 6,053 -------- 975,682 6,799 ----------- 1,457,891 callable under covenant provisions in 1999......... (1,676) -------- $974,006 ======== (1,452,195) ----------- $ 5,696 =========== Scheduled maturities of long-term debt were as follows: 2001................................................................. 1,676 2002................................................................. 15,097 2003................................................................. 232,519 2004................................................................. 70,212 2005................................................................. 70,198 Thereafter........................................................... 585,980 Included in debt expense was interest expense, net of capitalized interest, of $112,180, $106,633 and $72,804 for 2000, 1999, and 1998, respectively. Also included in debt expense were amortization and write-off of deferred financing costs of $4,457, $4,164 and $1,376 for 2000, 1999, and 1998, respectively, and interest rate swap early termination costs of $9,823 in 1998. Credit facilities In July 2000, the major terms of the credit facilities were restructured which included the collateralization of the debt with substantially all of the Company's assets, a reduction in the revolving credit availability to $150,000 together with conversion of $2...
Long-Term Debt. Financing that has a maturity of greater than one year.
Long-Term Debt. The long term debt (excluding current maturities) as determined in accordance with GAAP.
Long-Term Debt. To Seller’s knowledge, (a) the Acquired Companies have no other indebtedness for borrowed money that would be treated as long-term debt under U.S. GAAP (including the amount of unamortized debt discount, if any) other than the Long-Term Debt and (b) set forth on Schedule 4.24 is the principal amount outstanding under each of the items listed in the definition of Long-Term Debt (on a per item basis) as of the date hereof.
Long-Term Debt. The term “LONG TERM DEBT” means all obligations of the BORROWERS to any PERSON, including, but not limited to, the OBLIGATIONS, payable more than twelve (12) months from the date of its creation, which in accordance with G.A.A.P. is shown on the balance sheet as a liability (excluding reserves for deferred income taxes).
Long-Term Debt. Compensated Absences – Compensated absences due within one year represent an estimate of the net compensated absences that will be utilized within the next year. All compensated absences for governmental activities are paid out of the General Fund. Other Post-Employment Benefits (OPEB) – Refer to Note 11 for details of the OPEB obligation. Net Pension Liability – Refer to Note 12 for details of the Net Pension Liability. Long-term liability activity other than OPEB and Net Pension Liability for the year ended June 30, 2015, was as follows: Description Governmental Activities: Beginning Balance Additions Reductions Ending Balance Amounts Due Within One Year Compensated Absences $2,017,031 $1,284,968 $1,136,980 $2,165,019 $750,000 NOTE 8 – RISK MANAGEMENT The Department is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The Department has established a limited risk management program of these types of risks. The Department has general liability insurance coverage through the City of Burlingame as a participant in the Association of Bay Area Governments Pooled Liability Assurance Network (ABAG PLAN) organized within the Joint Powers Authority Association of Bay Area governments. The ABAG PLAN provides liability insurance coverage, claims management, risk management services, and legal defense to its participating members. ABAG PLAN is governed by a board of directors, which comprises officials appointed by each participating member. Premiums paid to ABAG PLAN are subject to possible refund based on the results of actuarial studies and approval by the board of directors. Premiums are assessed to participants based on their individual loss experience. General liability insurance coverage has been purchased by ABAG PLAN for losses exceeding $250,000 up to a maximum of $10 million. Liabilities are reported when it is probable that a loss has occurred and the amount of the loss can be reasonably estimated. The result of the process to estimate the claims liability is not an exact amount as it depends on many complex factors, such as inflation, changes in legal doctrines, and damage awards. Accordingly claims are reevaluated periodically to consider these factors, estimate recoveries from salvage or subrogation, and other economic and social factors. The estimate of the claims liability also includes amounts for incremental claim adjustment expenses related to specific c...
Long-Term Debt. Represents the borrowing under the Additional Financing, net of original issue discount and deferred financing costs: June 30, 2017 The Additional Financing $ 135,000 Less: Original issue discount and deferred financing costs (3,949 ) Net proceeds from the Additional Financing $ 131,051
Long-Term Debt. TERM LOAN AND LINE OF CREDIT The Company has a secured term loan with Wells Fargo Foothill for $10.0 million. It is repayable in 42 equal moxxxxx installments of $238 USD beginning January 1, 2004 and is secured by the assets of the Company. Interest of the greater of i) 6.0% or ii) prime plus 3.5% is charged to the daily balance of the loan and paid monthly. The principal payments due in fiscal 2004 are $2,619. Associated with the term loan is a revolving line of credit secured by certain accounts receivable. Wells Fargo Foothill will advance up to $7.5 million subject to the boxxxxxng base availability to the Company. The line of credit expires on August 25, 2006. Any funds advanced on the line of credit are repaid with collections from the related receivables. Interest of the greater of i) 6.0% or ii) prime plus 2.5% is charged to the outstanding daily balance. There is also a letter of credit fee of 2.5% of the undrawn balance charged directly to the line on a monthly basis. As of November 30, 2003 there were no funds advanced on the line of credit. SUBORDINATED DEBT The Company has a note payable to a related party in the amount of $10.0 million that is subordinated in favour of the debt to Wells Fargo Foothill. The note payable matures August 25, 2006, is non-xxxxrest bearing and is secured by a general security agreement. The Company has a demand note payable to a related party in the amount of $6,973 million that is subordinated in favour of the debt to Wells Fargo Foothill. Additional advances may be requested by the Compxxx xnder this agreement and may be fulfilled at the discretion of the lender. The demand note payable is non-interest bearing and is secured by a general security agreement.
