2020
Unamortized
Debt Issuance
(in thousands) Principal Costs
Unsecured note payable to City of Nashua, 5.75%,
due 12/25/2041 $ 102,173 $
Unsecured Business Finance Authority:
Revenue Bonds (Series 20148), 4.50%, due January 1, 2045 4,830 105
Revenue Bonds (Series 2018A), interest rates from 4.375% to 5.00%,
due April 1, 2048 4,460 244
Revenue Bonds (Series 2018B), 4.33%, due April 1, 2028 $00 50
Revenue Bonds (Series 2019A), interest rates from 2.19% to 4.15%,
due April 1, 2049 8,080 277
Revenue Bonds (Series 2020A}, interest rates from 3.15% to 4%,
due April 1, 2050 7,000 284
Revenue Bonds (Series 20208), 5.25%, due April 1, 2023 380 12
Revenue Bonds (Series 2020C), interest rates from 1.25% to 4.02%,
due September 1, 2055 (3) 73,630 10,654
Unsecured notes payable to bank, floating-rate, due March 1, 2030 2,494 12
Unsecured notes payable to bank, 3.62%, due June 20, 2023 1,219 4
Unsecured notes payable to bank, 4.20%, due December 20, 2041 1,128 4
Unsecured notes payable to bank, 4.83%, due December 20, 2041 864 5
Unsecured notes payable to bank, 4.25%, due June 20, 2033 667 5
Unsecured notes payable to bank, 4.90%, due March 6, 2040 541 31
Unsecured notes payable to bank, 5.33%, due June 20, 2043 332 11
Unsecured notes payable to bank, 4.38%, due September 20, 2044 1,118 15
Unsecured notes payable to bank, 3.98%, due January 1, 2046 800 12
Unsecured New Hampshire State Revolving Fund (“SRF”) notes (1) 23,048 162
Unsecured New Hampshire Drinking Water & Groundwater Trust
Fund ("DWGTF") notes (2) 8,675 11
Paycheck Protection Program Loan, 1.00%, due May 7, 2022 2,544 -
Unamonrtized debt issuance costs for defeased obligations,
altowed by regulation - 3,162
Total 244,883 5 15,060
Less current portion (6,018)
Less unamortized debt issuance costs (15,060)
Total long-term debt, less current portion
and unamortized debt issuance costs $ 223,805
(1) SRF notes are due through 2051 at interest rates ranging from 1% to 3.8% These notes are payable in 120 to 240 consecutive monthly Install ments
of principal and interest. The 1% rate applies to construction projects still in process until the earlier of {i} the date of substantial completion of the
improvements, or (rif various dates specified in the note (such eartier date being the interest rate change date). Commencing on the interest rate
change date, the interest rate changes to the lower of (i) the rate as stated in the note or (ii) 80% of the established 11 General Obligations Band Index
published during the specified time per od before the interest rate change date.
(2) DWGTF notes are due through 2050 at Interest rates ranging from 1% to 3.38% These notes are payable in 360 consecutive monthly installments
of principle and interest. The 1% rate applies to construction projects st! in process until the eartier of (i) the date of substantial completion of the
impravements or (ii} June 1, 2020 as specified in the note (such earlier date being the Interest rate change date). Commencing on the interest rate
change date, the interest rate change to the rate as stated in the note.
(3) Revenue Bonds (2020C) proceeds were partially used to advance refund the 2014A, 2015A and 20156 bonds with maturity dates of January 1,
2045, January 1, 2046, and January 1. 2031 respectively. The advance refunding proceeds are held in escrow until their future call dates of
December 2023 and December 2024, to then be used to facilitate retirement of the bonds. Of the remaining $10,654 of Unamortized Debt Issuance
Costs as of December 31, 2020 generated by the September 2nd Issuance, $9,269 are directly tied the advance refunding and will fully-amortize ona
stralght-line basts until thelr respective call dates.
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