DEBT FACILITIES (Tables)

6 Months Ended

Apr. 30, 2020


	April 30, 2020		October 31, 2019
	(unaudited)
GRANITE FALLS ENERGY:
Seasonal revolving loan, see terms below.		—		—
Term note payable to Project Hawkeye, see terms below.		6,875,000		7,410,714
SBA Paycheck Protection Loan		703,900		—

HERON LAKE BIOENERGY:
Amended revolving term note payable to lending institution, see terms below.		6,131,080		—
Assessment payable as part of water treatment agreement, due in semi-annual installments of $189,393 with interest at 6.55%, enforceable by statutory lien, with the final payment due in 2021. HLBE made deposits for one years' worth of debt service payments of approximately $364,000, which is included with other assets that are held on deposit to be applied with the final payments of the assessment.		634,180		634,180
SBA Paycheck Protection Loan		595,693		—
Totals		14,939,853		8,044,894
Less: amounts due within one year		1,405,406		1,405,406
Net long-term debt	$	13,534,447	$	6,639,488

Schedule of annual maturities of debt


2021	$	1,405,406
2022		8,802,305
2023		1,071,428
2024		1,071,428
2025		1,071,429
Thereafter		1,517,857
Total debt	$	14,939,853

- 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.

+ References

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+ Details