Note 10 — Long-Term Debt
Long-term debt as of December 31, 2018 and 2017 consisted of the following:
{in thousands)
Unsecured note payable to City of Nashua, 5.75%,
due 12/25/2041
Unsecured senior note payabJe due to an insurance company
7.40%, due March 1, 2021
Unsecured Business Finance Authority:
Revenue Bonds (Series 2014A), interest rates from 3.00% to 4.125%,
due January 1, 2045
Revenue Bonds (Series 2014B), 4.50%, due January 1, 2045
Revenue Bonds (Series 2015A), interest rates from 4.00% to 5.00%,
due January 1, 2046
Revenue Bonds (Series 2015B), 5.00%, due January 1, 2046
Revenue Bonds (Series 2018A), interest rates from 4.375% to 5.00%,
due April 1, 2048
Revenue Bonds (Series 2018B), 4.33%, due April 1, 2028
Unsecured notes payable to bank, floating-rate, due March 1, 2030
Unsecured notes payable to bank, 3.62%, due June 20, 2023
Unsecured notes payable to bank, 4.20%, due December 20, 2041
Unsecured notes payable to bank, 4.83%, due December 20, 2041
Unsecured notes payable to bank, 4.25%, due June 20, 2033
Unsecured notes payable to bank, 4.90%, due March 6, 2040
Unsecured notes payable to bank, 5.33%, due June 20, 2043
Unsecured New Hampshire State Revolving Fund (“SRF”) notes (1)
Unamortized debt issuance costs for defeased obligations,
allowed by regulation
Total
Less current portion
Less unamnortized debt issuance costs
Total long-term debt, less current portion
and unamortized debt issuance costs
Unamortized
Debt Issuance
Principal Costs
$ 106,830 $ -
3,200 18
38,905 1,803
5,030 114
19,490 1,450
1,840 230
4,460 325
1,075 -
2,928 14
1,367 7
1,192 6
909 5
744 7
573 35
346 19
24,699 182
- 129
210,588 $ 4,344
(6,019)
(4.344)
$__ 200,225
(1) SRF notes are due through 2049 at interest rates ranging from 1% to 3.8%. These notes are payable in 120 to 240
consecutive monthly installments 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 (ii) various dates specified in the note
(such earlier 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 Bond Index
published during the specified time period before the interest rate change date.
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