Quarterly report pursuant to Section 13 or 15(d)

LONG-TERM DEBT (Tables)

v3.20.2
LONG-TERM DEBT (Tables)
9 Months Ended
Sep. 30, 2020
LONG-TERM DEBT [Abstract]  
Schedule of Long-Term Debt, Related Discounts and Issuance Costs

 

 

 

 

 

 

 

(In thousands)

 

September 30, 

 

December 31, 

 

 

2020

 

2019

Senior Secured Notes

 

$

107,100

 

$

107,925

Unsecured Loans (CARES Act)

 

 

5,606

 

 

 —

Less: Unamortized discounts and debt issuance costs

 

 

(4,359)

 

 

(3,902)

 

 

 

108,347

 

 

104,023

Less: Current portion of long-term debt

 

 

(1,154)

 

 

(1,100)

 

 

$

107,193

 

$

102,923

 

Schedule of Maturities of Long-term Debt [Table Text Block]

Maturities of the unsecured loans as of September 30, 2020, unless forgiven, are as follows:

 

 

 

 

 

(In thousands)

 

 

 

 

 

Unsecured

For Years Ending December 31, 

 

Loans

2020

 

$

 —

2021

 

 

426

2022

 

 

1,498

2023

 

 

1,513

2024

 

 

1,528

Thereafter

 

 

641

 

 

$

5,606

 

Debt Instrument Redemption

 

 

 

 

Redemption Periods

    

Percentage Premium

On February 2, 2020 to February 1, 2021

 

1.90

%

On February 2, 2021 to February 1, 2022

 

0.90

%

On or after February 2, 2022

 

0.40

%