| Long Term Debt |
Long-term
borrowings are summarized as follows (in thousands):
| |
|
March
31, 2013 |
|
|
December
31, 2012 |
|
| Kinergy operating
line of credit |
|
$ |
20,558 |
|
|
$ |
19,711 |
|
| Senior unsecured notes |
|
|
20,313 |
|
|
|
– |
|
| Subordinated convertible
notes |
|
|
6,000 |
|
|
|
– |
|
| Plant Owners’ term
debt and accrued interest |
|
|
57,097 |
|
|
|
54,821 |
|
| Plant Owners’ operating
lines of credit |
|
|
46,500 |
|
|
|
46,000 |
|
| Note payable to related
party |
|
|
750 |
|
|
|
750 |
|
| |
|
|
151,218 |
|
|
|
121,282 |
|
| Less: Parent purchased Plant
Owners’ term debt |
|
|
(24,174 |
) |
|
|
– |
|
| Less: Unamortized discount
on senior unsecured notes |
|
|
(2,432 |
) |
|
|
– |
|
| Less: Unamortized discount
on convertible notes |
|
|
(2,283 |
) |
|
|
– |
|
| |
|
|
122,329 |
|
|
|
121,282 |
|
| Less short-term portion |
|
|
(8,496 |
) |
|
|
(4,029 |
) |
| Long-term debt |
|
$ |
113,833 |
|
|
$ |
117,253 |
|
|
| |
|
December 31, |
|
| |
|
2012 |
|
|
2011 |
|
| Kinergy’s operating line of credit |
|
$ |
19,711 |
|
|
$ |
20,432 |
|
| Note payable to related party |
|
|
750 |
|
|
|
750 |
|
| Plant Owners’ term debt |
|
|
54,821 |
|
|
|
51,279 |
|
| Plant Owners’ operating
lines of credit |
|
|
46,000 |
|
|
|
21,978 |
|
| |
|
|
121,282 |
|
|
|
94,439 |
|
| Less current portion |
|
|
(4,029 |
) |
|
|
(750 |
) |
| Long-term debt |
|
$ |
117,253 |
|
|
$ |
93,689 |
|
|