Quarterly report pursuant to Section 13 or 15(d)

Credit Agreements (Tables)

v3.21.2
Credit Agreements (Tables)
6 Months Ended
Jul. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Credit Facility [Table Text Block]

The Company’s long-term credit facility consists of:

    

July 31, 2021

    

January 30, 2021

PNC revolving loan due July 27, 2023, principal amount

$

$

41,000,000

Siena revolving loan due July 31, 2024, principal amount

47,245,000

 

PNC term loan due July 27, 2023, principal amount

 

 

12,441,000

GreenLake Real Estate Funding, due July 31, 2024 ,principal amount

28,500,000

Less unamortized debt issuance costs

 

(1,826,000)

 

(61,000)

Term Loan, carrying amount

 

26,674,000

 

12,380,000

Total long-term credit facility

 

73,919,000

 

53,380,000

Less current portion of long-term credit facility

 

 

(2,714,000)

Long-term credit facilities, excluding current portion

$

73,919,000

$

50,666,000

Schedule of Maturities of Long-term Credit Facility [Table Text Block]

The aggregate maturities of borrowings outstanding under the Company’s long-term debt obligations as of July 31, 2021 were as follows:

GreenLake

Siena

Fiscal year

    

Term loan

    

Revolving loan

    

Total

2021

$

$

$

2022

 

 

 

2023

 

 

 

2024

 

28,500

 

47,245

 

75,745

$

28,500

$

47,245

$

75,745