VSE Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

Debt (Tables)

6 Months Ended

Jun. 30, 2020

Long-term debt consisted of the following (in thousands):



	June 30,			December 31,
	2020			2019
Bank credit facility - term loan	$	97,363		$	120,800
Bank credit facility - revolver loans	165,712			152,000
Principal amount of long-term debt	263,075			272,800
Less debt issuance costs	(2,959		)	(2,789		)
Total long-term debt	260,116			270,011
Less current portion	(18,504		)	(16,883		)
Long-term debt, less current portion	$	241,612		$	253,128

Schedule of Term Loan Payments

Our required term and revolver loan payments after June 30, 2020 are as follows (in thousands):



2020	9,375
2021	21,563
2022	22,500
2023*	209,637
Total	$	263,075

*Includes the revolver loan required payment of $165.7 million.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details