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Debt
9 Months Ended
Sep. 30, 2013
Debt  
Debt

6.  Debt

 

In 2013, the Company borrowed $132.0 million through two separate secured loan agreements to finance a portion of the purchase price of two Airbus A330-200 aircraft that Hawaiian took delivery of during the second quarter of 2013.  These loan agreements have a term of 10 years with quarterly principal and interest payments.  One of the loan agreements, with a principal borrowing of $67.0 million, bears interest under a variable-rate (3.87% at September 30, 2013) and requires a $7 million balloon payment due at maturity.  The second loan agreement, with a principal borrowing of $65.0 million, bears interest under a fixed-rate (5.74%) and requires a $10 million balloon payment due at maturity.

 

As of September 30, 2013, the scheduled maturities of long-term debt over the next five years, and thereafter, were as follows (in thousands):

 

Remaining months in 2013

 

$

66,299

 

2014

 

48,236

 

2015

 

50,410

 

2016

 

137,153

 

2017

 

53,317

 

Thereafter

 

305,278

 

 

 

$

660,693