Quarterly report pursuant to Section 13 or 15(d)

Debt

v3.22.2.2
Debt
 9 Months Ended
Sep. 30, 2022
Debt [Abstract]  
DEBT
6. DEBT.

 

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

 

    September 30,
2022		     December 31,
2021		  
Kinergy line of credit   $ 45,949     $ 50,401  
Less unamortized debt financing costs     (61 )     (40 )
Less short-term portion    
—
      
—
  
Long-term debt   $ 45,888     $ 50,361  

 

As of September 30, 2022, Kinergy had $30.7 million in unused borrowing availability under its line of credit. The Company believes it was in compliance with its covenants under the line of credit as of September 30, 2022.