| Schedule of Long Term Debt |
The Company’s long-term debt which consists of limited
recourse or nonrecourse indebtedness is presented below (in
thousands):
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Interest Rate as of |
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Interest
Type |
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March 31, |
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December 31, |
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March 31, |
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December 31, |
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2014 |
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2013 |
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2014 |
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2013 |
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Maturity |
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Hatchet Ridge term loan
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|
$ |
239,865 |
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|
$ |
239,865 |
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|
|
1.43 |
% |
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|
1.43 |
% |
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Imputed |
|
December 2032 |
|
Gulf Wind term loan
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|
164,517 |
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|
166,448 |
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|
|
3.23 |
% |
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|
3.25 |
% |
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Variable |
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March 2020 |
|
St. Joseph term loan
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|
205,118 |
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|
215,330 |
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5.88 |
% |
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|
5.88 |
% |
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Fixed |
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May 2031 |
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Spring Valley term loan
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172,388 |
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|
173,110 |
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2.62 |
% |
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|
2.63 |
% |
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Variable |
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June 2030 |
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Santa Isabel term loan
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114,456 |
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115,721 |
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4.57 |
% |
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4.57 |
% |
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Fixed |
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September 2033 |
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Ocotillo commercial term loan
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230,944 |
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|
230,944 |
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2.98 |
% |
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|
3.00 |
% |
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Variable |
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August 2020 |
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Ocotillo development term loan
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107,800 |
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|
107,800 |
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2.33 |
% |
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|
2.35 |
% |
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Variable |
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August 2033 |
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1,235,088 |
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1,249,218 |
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Less: current portion
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(48,615 |
) |
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(48,851 |
) |
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$ |
1,186,473 |
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$ |
1,200,367 |
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| Schedule of Commitment Fees Incurred and Interest Expense Recorded |
Interest and commitment fees incurred, and interest expense
recorded in the Company’s consolidated statements of
operations is as follows (in thousands):
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Three months ended March 31, |
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2014 |
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2013 |
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Interest and commitment fees incurred
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$ |
13,457 |
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$ |
14,064 |
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Capitalized interest, commitment fees, and letter of credit
fees
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|
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(1,283 |
) |
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(419 |
) |
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Letter of credit fees
|
|
|
1,052 |
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|
767 |
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Amortization of financing costs
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|
1,395 |
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|
2,230 |
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Interest expense
|
|
$ |
14,621 |
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|
$ |
16,642 |
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