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, 2020

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


	December 31,
	2020		2019
Bank credit facility - term loan	$	77,988	$	120,800
Bank credit facility - revolver loans	175,473		152,000
Principal amount of long-term debt	253,461		272,800
Less debt issuance costs	(2,368)		(2,789)
Total long-term debt	251,093		270,011
Less current portion	(20,379)		(16,883)
Long-term debt, net of current portion	$	230,714	$	253,128

Schedule of Term Loan Payments

Our required term and revolver loan payments after December 31, 2020 are as follows (in thousands):


Year ending December 31,
2021	$	21,563
2022	22,500
2023*	209,398

Total	$	253,461

*Includes the revolver loan required payment of $175.5 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