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, 2022

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


	March 31,		December 31,
	2022		2021
Bank credit facility - term loan	$	56,425	$	60,175
Bank credit facility - revolver loans	249,375		226,559
Principal amount of long-term debt	305,800		286,734
Less debt issuance costs	(1,955)		(2,165)
Total long-term debt	303,845		284,569
Less current portion	(14,162)		(14,162)
Long-term debt, less current portion	$	289,683	$	270,407

Schedule of Term Loan Payments

Our required term and revolver loan principal payments after March 31, 2022 are as follows (in thousands):


Year Ending	Term Loan		Revolver Loan		Total
Remainder of 2022	$	11,250	$	—	$	11,250
2023	15,000		—		15,000
2024	30,175		249,375		279,550
Total	$	56,425	$	249,375	$	305,800

We were in compliance with required ratios and other terms and conditions under our loan agreement as of March 31, 2022.

- 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