Quarterly report pursuant to Section 13 or 15(d)

Short-term and Long-term Borrowings (Tables)

v3.20.2
Short-term and Long-term Borrowings (Tables)
9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Long-Term Borrowings

Long-term borrowings at September 30, 2020 and December 31, 2019 are as follows (in thousands):

 

 

 

2020

 

 

2019

 

Unsecured revolving credit facility, variable-rate interest at

   1.30% per annum, due November 2024

 

$

487,500

 

 

$

 

Note payable to banks, interest only, variable-rate interest at

   2.55% per annum, secured by property, balloon payment of

   $129,505 due March 2025

 

 

129,505

 

 

 

63,692

 

Loan payable to a bank, variable-rate interest at 2.26% per

   annum, due April 2025

 

 

9,102

 

 

 

 

Note payable to Luen Thai Enterprise, Ltd.

 

 

 

 

 

393

 

Loan payable to a bank, variable-rate interest at 4.15% per

   annum, due September 2023

 

 

65,440

 

 

 

48,791

 

Loans payable to banks, variable-rate interests at a range of

   1.84% to 3.87% per annum, due June 2024

 

 

78,563

 

 

 

2,541

 

Loan payable to a bank, variable-rate interest at 4.28% per

   annum, due May 2025

 

 

19,038

 

 

 

 

Loan payable to a bank, variable-rate interest at 1.86% per

   annum, due June 2025

 

 

1,165

 

 

 

 

Subtotal

 

 

790,313

 

 

 

115,417

 

Less: Current installments

 

 

(106,702

)

 

 

(66,234

)

Total long-term borrowings

 

$

683,611

 

 

$

49,183