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

Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

Debt (Tables)

3 Months Ended

Mar. 31, 2021

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


	March 31,		December 31,
	2021		2020
Bank credit facility - term loan	$	73,300	$	77,988
Bank credit facility - revolver loans	182,335		175,473
Principal amount of long-term debt	255,635		253,461
Less debt issuance costs	(2,072)		(2,368)
Total long-term debt	253,563		251,093
Less current portion	(21,316)		(20,379)
Long-term debt, less current portion	$	232,247	$	230,714

Schedule of Term Loan Payments

Our required term and revolver loan payments after March 31, 2021 are as follows (in thousands):


2021	16,875
2022	22,500
2023*	216,260
Total	$	255,635

*Includes the revolver loan required payment of $182.3 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