Debt (Tables)

12 Months Ended

Dec. 31, 2021

The Company’s borrowings consist of the following:


				As of December 31
(in thousands)	Maturities	Stated Interest Rate	Effective Interest Rate	2021		2020
Unsecured notes (1)	2026	5.75%	5.75%	$	396,830	$	396,112
Revolving credit facility	2023	1.52% - 3.75%	1.63%	209,643		74,686

Truist Bank commercial note	2029	2.08% - 2.14%	2.12%	—		25,250
Truist Bank commercial note (2)	2031	1.84% - 1.85%	1.87%	24,504		—
Truist Bank commercial note	2032	2.10%	2.10%	22,500		—
Pinnacle Bank term loan	2024	4.15%	4.18%	9,558		10,692
Pinnacle Bank line of credit	2022	3.25%	3.56%	—		2,295
Other indebtedness	2023 - 2030	0.00% - 16.00%		4,466		3,520
Total Debt				667,501		512,555
Less: current portion				(141,749)		(6,452)
Total Long-Term Debt				$	525,752	$	506,103

____________

(1) The carrying value is net of $3.2 million and $3.9 million of unamortized debt issuance costs as of December 31, 2021 and 2020, respectively.

(2) The carrying value is net of $0.1 million of unamortized debt issuance costs as of December 31, 2021.

- 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