Quarterly report pursuant to Section 13 or 15(d)

Debt

v3.8.0.1
Debt
6 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
Debt

Note 6—Debt

The Company maintains various credit facilities from time to time to finance acquisitions, the purchase of real estate, construction equipment, asphalt plants and other fixed assets, and for general working capital purposes. Debt at March 31, 2018 and September 30, 2017 consisted of the following (in thousands):

 

     March 31, 2018      September 30, 2017  
     (unaudited)         

Long-term debt:

     

Compass Term Loan

   $ 42,500      $ 47,500  

Compass Revolving Credit Facility

     5,000        10,000  
  

 

 

    

 

 

 

Total long-term debt

     47,500        57,500  

Deferred debt issuance costs

     (325      (364

Current maturities of long-term debt

     (10,000      (10,000
  

 

 

    

 

 

 

Long-term debt, net of current maturities

   $ 37,175      $ 47,136  
  

 

 

    

 

 

 

Current maturities of debt:

     

Current maturities of long-term debt

     10,000        10,000  
  

 

 

    

 

 

 

Total current maturities of debt

   $ 10,000      $ 10,000  
  

 

 

    

 

 

 

See Note 12 – Subsequent Events for additional information.