9. Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt Instruments [Abstract]

Schedule of Long-term Debt Instruments

Our long-term debt consisted of the following at June 30, 2020 and December 31, 2019 (in thousands):

		Balance (USD)
Loan Agreement	Currency	June 30, 2020		December 31, 2019
Revolving Credit Facility	USD	$	—	$	—
Luz del Norte Credit Facilities	USD	186,931		188,017
Ishikawa Credit Agreement	JPY	210,831		215,879
Japan Credit Facility	JPY	1,698		1,678
Tochigi Credit Facility	JPY	37,759		37,304
Anamizu Credit Agreement	JPY	12,286		12,138
Anantapur Credit Facility	INR	14,010		15,123
Tungabhadra Credit Facility	INR	12,039		12,753
Long-term debt principal		475,554		482,892
Less: unamortized discounts and issuance costs		(10,798)		(11,195)
Total long-term debt		464,756		471,697
Less: current portion		(77,029)		(17,510)
Noncurrent portion		$	387,727	$	454,187

Schedule of Borrowing Rate on Debt

Our long-term debt borrowing rates as of June 30, 2020 were as follows:

Loan Agreement	June 30, 2020
Revolving Credit Facility	2.16%
Luz del Norte Credit Facilities (1)	Fixed rate loans at bank rate plus 3.50%
	Variable rate loans at 91-Day U.S. Treasury Bill Yield or LIBOR plus 3.50%
Ishikawa Credit Agreement	Senior loan facility at 6-month TIBOR plus 0.75% (2)
	Consumption tax facility at 3-month TIBOR plus 0.5%
Japan Credit Facility	1-month TIBOR plus 0.55%
Tochigi Credit Facility	3-month TIBOR plus 1.0%
Anamizu Credit Agreement	Term loan facility at 6-month TIBOR plus 0.70% (2)
	Consumption tax facility at 3-month TIBOR plus 0.5%
	Debt service reserve facility at 6-month TIBOR plus 1.20%
Anantapur Credit Facility	INR overnight indexed swap rate plus 1.5%
Tungabhadra Credit Facility	INR overnight indexed swap rate plus 1.5%

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(1)Outstanding balance comprised of $148.6 million of fixed rate loans and $38.3 million of variable rate loans as of June 30, 2020.

(2)We have entered into interest rate swap contracts to hedge portions of these variable rates. See Note 6. “Derivative Financial Instruments” to our condensed consolidated financial statements for additional information.

Schedule of Maturities of Long-term Debt

At June 30, 2020, the future principal payments on our long-term debt were due as follows (in thousands):

	Total Debt
Remainder of 2020	$	9,114
2021	78,076
2022	19,450
2023	18,433
2024	19,361
Thereafter	331,120
Total long-term debt future principal payments	$	475,554