VSE Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

Debt (Tables)

12 Months Ended

Dec. 31, 2021

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


	December 31,
	2021		2020
Bank credit facility - term loan	$	60,175	$	77,988
Bank credit facility - revolver loans	226,559		175,473
Principal amount of long-term debt	286,734		253,461
Less debt issuance costs	(2,165)		(2,368)
Total long-term debt	284,569		251,093
Less current portion	(14,162)		(20,379)
Long-term debt, net of current portion	$	270,407	$	230,714

Schedule of Term Loan Payments

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


Year ending December 31,
2022	$	15,000
2023	15,000
2024(a)	256,734
Total	$	286,734

(a) Includes the revolver loan required payment of $227 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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