Quarterly report pursuant to Section 13 or 15(d)

Debt

v3.22.1
Debt
 3 Months Ended
Mar. 31, 2022
Debt [Abstract]  
DEBT

6. DEBT.

 

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

 

    March 31,
2022		     December 31,
2021		  
Kinergy line of credit   $ 53,715     $ 50,401  
Less unamortized debt financing costs     (34 )     (40 )
Less short-term portion    
—
      
—
  
Long-term debt   $ 53,681     $ 50,361  

 

Excess Availability – As of March 31, 2022, Kinergy had $15.2 million in unused borrowing availability under its line of credit.