Quarterly report pursuant to Section 13 or 15(d)

5. DEBT

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5. DEBT
 3 Months Ended
Mar. 31, 2015
Debt Disclosure [Abstract]  
5. DEBT

Long-term borrowings are summarized as follows (in thousands):

    March 31, 2015     December 31, 2014  
Kinergy operating line of credit   $ –     $ 17,530  
Plant Owners’ third-party term debt     17,003       17,003  
      17,003       34,533  
Less short-term portion     –       –  
Long-term debt   $ 17,003     $ 34,533  

 

Kinergy Operating Line of Credit – As of March 31, 2014, Kinergy had no outstanding balance and an available borrowing base under the credit facility of $30,000,000.

 

Plant Owners’ Term Debt and Operating Lines of Credit – As of March 31, 2015, the Plant Owners’ term debt had an outstanding balance of $17,003,000. As of March 31, 2015, the Plant Owners had no outstanding balances on their revolving credit facilities, with an aggregate of $34,473,000 of availability.