LONG-TERM OBLIGATIONS	9 Months Ended
Sep. 30, 2022
LONG-TERM OBLIGATIONS
LONG-TERM OBLIGATIONS	6. LONG-TERM OBLIGATIONS Credit Facility On October 28, 2022, the Company and certain of its subsidiaries entered into (a) a First Amendment to Amended and Restated Loan Agreement with First Horizon Bank (successor in interest to First Tennessee Bank National Association, “First Horizon”) and (b) an Amended and Restated Master Revolving Credit Note, dated as of October 28, 2022, in the maximum principal amount of $100.0 million, with a maturity date of May 31, 2027 (the “Amended Note” and together with the Amended Note, collectively, the “Amendment Documents”). The Amendment Documents amend the Company’s existing credit facility evidenced by the Amended and Restated Loan Agreement dated as of December 21, 2020 (the “Prior Credit Agreement”) which had provided a $50.0 million unsecured revolving credit facility with First Horizon (the “Prior Credit Facility”) to, among other things: (i) provide for revolving credit availability up to a maximum principal amount of $100.00 million, (ii) make certain technical and operational adjustments necessary to implement one (1) month Term SOFR as the primary interest rate index and (iii) include a new asset coverage financial covenant test. All other material terms and conditions of the Prior Credit Facility as evidenced by the Prior Credit Agreement remain unchanged, including the maturity date of May 31, 2027. During the first nine months of 2022, the Company drew $45,000 on its credit facility for working capital needs and retained $45,000 in outstanding borrowings under its credit facility at September 30, 2022. At December 31, 2021, the Company had $0 in outstanding borrowings under the credit facility. At September 30, 2022 and December 31, 2022, the Company had cash and temporary investments of $33,208 and $54,332, respectively.

LONG-TERM OBLIGATIONS

9 Months Ended

Sep. 30, 2022

6. LONG-TERM OBLIGATIONS

Credit Facility

On October 28, 2022, the Company and certain of its subsidiaries entered into (a) a First Amendment to Amended and Restated Loan Agreement with First Horizon Bank (successor in interest to First Tennessee Bank National Association, “First Horizon”) and (b) an Amended and Restated Master Revolving Credit Note, dated as of October 28, 2022, in the maximum principal amount of $100.0 million, with a maturity date of May 31, 2027 (the “Amended Note” and together with the Amended Note, collectively, the “Amendment Documents”).

The Amendment Documents amend the Company’s existing credit facility evidenced by the Amended and Restated Loan Agreement dated as of December 21, 2020 (the “Prior Credit Agreement”) which had provided a $50.0 million unsecured revolving credit facility with First Horizon (the “Prior Credit Facility”) to, among other things: (i) provide for revolving credit availability up to a maximum principal amount of $100.00 million, (ii) make certain technical and operational adjustments necessary to implement one (1) month Term SOFR as the primary interest rate index and (iii) include a new asset coverage financial covenant test. All other material terms and conditions of the Prior Credit Facility as evidenced by the Prior Credit Agreement remain unchanged, including the maturity date of May 31, 2027.

During the first nine months of 2022, the Company drew $45,000 on its credit facility for working capital needs and retained $45,000 in outstanding borrowings under its credit facility at September 30, 2022. At December 31, 2021, the Company had $0 in outstanding

borrowings under the credit facility. At September 30, 2022 and December 31, 2022, the Company had cash and temporary investments of $33,208 and $54,332, respectively.