2017
Unamortized
Debt Issuance
(in thousands) Principal Costs
Unsecured note payable to City of Nashua, 5.75%,
due 12/25/2041 $ 108,960 $ -
Unsecured senior note payable due to an insurance company
7.40%, due March 1, 2021 3,600 27
Unsecured Business Finance Authority:
Revenue Bonds (Series 2014A), interest rates from 3.00% to 4.125%,
due January 1, 2045 39,935 1,949
Revenue Bonds (Series 2014B), 4.50%, due January 1, 2045 5,125 118
Revenue Bonds (Series 2015A), interest rates from 4.00% to 5.00%,
due January 1, 2046 20.035 1,527
Revenue Bonds (Series 2015B), 5.00%, due January 1, 2046 1,940 251
Unsecured notes payable to bank, floating-rate, due March 1, 2030 3,134 16
Unsecured notes payable to bank, 3.62%, due June 20, 2023 1,438 9
Unsecured notes payable to bank, 4.20%, due December 20, 2041 1,221 7
Unsecured notes payable to bank, 4.83%, due December 20, 2041 930 5
Unsecured notes payable to bank, 4.25%, due June 20, 2033 780 7
Unsecured notes payable to bank, 4.90%, due March 6, 2040 588 36
Unsecured New Hampshire State Revolving Fund (“SRF”) notes (1) 20,023 182
Unamortized debt issuance costs for defeased obligations,
allowed by regulation - 95
Total 207.709 $ 4,229
Less current portion (5,575)
Less unamortized debt issuance costs (4,229)
Total long-term debt, less current portion
and unamortized debt issuance costs $ 197,905
(1) SRF notes are due through 2048 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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