SFM - Laserfiche WebLink

Home Browse Search

SFVI Services,Inc.and Subsidiaries,SFM Security Services,Inc., and Gaming Facilities Services,LLC Notes to the Consolidated Combined Financial Statements For the year ended December 31,2016 D. Long Tern Obligations The following is a summary of notes payable as of December 31,2016 Loan payable with monthly payments of$287.This note is secured by the asset purchased. This note matures in November 2021 $ 17,270 Loan payable with monthly payments of$5,076,including interest at an annual rate of 4.98%. This note is secured by the accrt purchased. This note matures in March 2021 228,792 Loan payable.with monthly payments of$1,318,including interest at an annual rate of 2.54%. This note is secured by the asset purchased. This note matures in September 2020 57,566 Loan payable with monthly payments of$2,002,including interest at an annual rate of 4.35%. This note is secured by the asset purchased. This note matures in August 2018 34,879 Loan payable with monthly payments of$1,175,including interest at an annual rate of 4.50%. This note is secured by the asset purchased. This note matures in July 2018 25,509 Loan payable with monthly payments of$2,331,including interest at an annual rate of 4.35%. This note is secured by the asset purchased. This note matins in August 2017 23,359 Loan payable with monthly payments of$581, including interest at an annual rate of 6.90%. This note is secured by the asset purchased. This I I note matures in January 2020 18,244 ® Capital leases with payments ranging from $97 to $2,144 including interest ranging from 4.25%to 10%. These leases maturity dates range from 2017 to 2021. 348,600 $ 754,219 Less Current Maturities 259,748 Total Long Term Debt,net of current maturities $ 494,471 The notes payable to banks and other financial institutions are secured by the Companies' assets. The following is a summary of principal maturities of long-term debt for each of the next five years: 2017 $ 152,589 2018 90,474 2019 80,233 2020 63,891 2021 18,432 Thereafter - Total $ 405,619 9 : _ ... lII5F.M,OIC.