Quarterly report pursuant to Section 13 or 15(d)

Debt

v3.19.1
Debt
6 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Debt
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. This includes, among other things, a credit agreement with Compass Bank as agent, sole lead arranger and sole bookrunner (as amended, the "Compass Credit Agreement") providing for a $72.0 million term loan (the "Compass Term Loan") and a $30.0 million revolving credit facility (the "Compass Revolving Credit Facility"). Debt at March 31, 2019 and September 30, 2018 consisted of the following (in thousands):

March 31,
 
September 30,
 
2019
 
2018

(unaudited)
 
 
Long-term debt:

 

Compass Term Loan
$
50,100

 
$
57,300

Compass Revolving Credit Facility
5,000

 
5,000

Other long-term debt
758

 
964

Total long-term debt
55,858

 
63,264

Deferred debt issuance costs
(312
)
 
(362
)
Debt discount
(9
)
 
(14
)
Current maturities of long-term debt
(14,836
)
 
(14,773
)
Long-term debt, net of current maturities
$
40,701

 
$
48,115