Williams Industrial Services Group Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

DEBT (Tables)

DEBT (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of debt


(in thousands)		As of December 31, 2018
MidCap Facility		$	3,274
Current portion of term loan			525
Current debt		$	3,799

Term loan, due 2022			34,387
Unamortized deferred financing costs			(1,409)
Long-term debt, net		$	32,978

Total debt, net		$	36,777

Schedule of deferred financing costs amortized to Interest Expense


		December 31,
(in thousands)		2018			2017
Initial Centre Lane Facility*		$	1,460		$	5,589
New Centre Lane Facility			111			—
MidCap Facility			52			—
Revolving Credit Facility			—			35
Total		$	1,623		$	5,624

*

2018 includes accelerated amortization of deferred financing costs of $0.6 million associated with the fourth amendment to the Initial Centre Lane Facility entered into in April 2018.

Schedule of unamortized deferred financing costs


				December 31,
(in thousands)		Location		2018			2017
Initial Centre Lane Facility		Long-term debt, net		$	—		$	885
New Centre Lane Facility		Long-term debt, net			1,409			—
MidCap Facility		Other long-term assets			654			—
Total				$	2,063		$	885

New Centre Lane Facility

Schedule of prepayment premium


		Prepayment Premium as a
		Percentage of Aggregate
Period		Outstanding Principal Prepaid
September 19, 2019 to September 18, 2021			1%
After September 18, 2021			0%

Summary of maturity of long term debt


December 31,		(in thousands)
2019		$	525
2020			700
2021			700
2022			32,987
Thereafter			—
Total		$	34,912

Initial Centre Lane Term Facility

Schedule of prepayment premium


		Prepayment Premium as a
		Percentage of Aggregate
Period		Outstanding Principal Prepaid
June 16, 2017 to June 16, 2018			3%
June 17, 2018 to June 16, 2019			2%
June 17, 2019 to June 16, 2020			1%
After June 16, 2020			0%