Quarterly report pursuant to Section 13 or 15(d)

Long Term Debt Activity (Tables)

v3.21.2
Long Term Debt Activity (Tables)
9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Summary of Borrowings of International Subsidiaries

During the nine months ended September 30, 2021, certain of the Company’s international subsidiaries borrowed an aggregate of $9,706 under various local bank loans. Below is a summary of these loans:

 

 

Loan Amounts

 

 

 

 

 

 

 

Loan Description

 

(in USD)

 

 

Interest Rates

 

Covenants

 

Maturity

Peru bank loan

 

$

3,277

 

 

4.8%

 

Negative covenants

 

January 2024

Brazil bank loan

 

$

6,429

 

 

4.0%

 

Negative covenants

 

January 2029

Summary of Company's Interest Rate Swap Agreements Designated as Cash Flow Hedges

Below is a summary of the Company’s interest rate swap agreements designated as cash flow hedges as of September 30, 2021:

 

 

 

 

 

 

 

 

 

 

 

Estimated

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value at

 

Notional

 

 

 

 

 

 

 

 

 

 

September 30,

 

Amount

 

 

Effective Date

 

Pay Rate

 

Receive Rate

 

Expiration Date

 

2021 (1)

 

$

137,500

 

 

December 31, 2018

 

2.12%

 

1-Month LIBOR

 

December 31, 2024

 

$

6,562

 

$

175,000

 

 

December 31, 2018

 

2.12%

 

1-Month LIBOR

 

December 31, 2024

 

 

8,419

 

$

137,500

 

 

December 31, 2018

 

2.19%

 

1-Month LIBOR

 

December 31, 2024

 

 

6,918

 

$

150,000

 

 

March 31, 2020

 

0.57%

 

1-Month LIBOR

 

March 31, 2022

 

 

354

 

 

 

 

 

 

 

 

 

 

Total

 

$

22,253

 

(1)
Approximately $9,536 of the total is included in accounts payable and accrued expenses and $12,717 is included in other long-term liabilities on the condensed consolidated balance sheet as of September 30, 2021.