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

Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

Debt (Tables)

9 Months Ended

Sep. 30, 2020

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


	September 30,		December 31,
	2020		2019
Bank credit facility - term loan	$	92,675	$	120,800
Bank credit facility - revolver loans	160,010		152,000
Principal amount of long-term debt	252,685		272,800
Less debt issuance costs	(2,664)		(2,789)
Total long-term debt	250,021		270,011
Less current portion	(19,441)		(16,883)
Long-term debt, less current portion	$	230,580	$	253,128

Schedule of Term Loan Payments

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


2020	4,688
2021	21,562
2022	22,500
2023*	203,935
Total	$	252,685

*Includes the revolver loan required payment of $160.0 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