Ascent Industries Co. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Long-term Debt (Tables)

Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2020


(in thousands)	2020		2019
$100 million Revolving line of credit, due December 20, 2021	$	49,037	$	59,221
$20 million Term loan, due February 1, 2024	$	11,458	$	12,333
Current portion of long-term debt	$	875	$	4,000
Total long-term debt	$	61,370	$	75,554

Schedule of Maturities of Long-term Debt

Principal payments on long-term debt during the next five fiscal years and thereafter are as follows (in thousands):


2021(1)			53,037
2022			4,000
2023			4,000
2024			333
2025			—
Thereafter			—

(1)The amounts in the table above do not include the effects of the Company's debt refinance. The Company's new revolving credit facility includes a $17.5 million machinery and equipment sub-limit which requires repayments of $0.4 million quarterly starting in July 2021 with a balloon payment due upon maturity of the credit facility in 2025.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details