Global Medical REIT Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Credit Facility, Notes Payable and Derivative Instruments (Tables)

v3.20.1

Credit Facility, Notes Payable and Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Notes Payable and Revolving Credit Facility

Schedule of Outstanding borrowings

As of December 2019 and 2018, the Company had the following outstanding borrowings under the Credit Facility:


	December 31, 2019		December 31, 2018
Revolver	$	51,350	$	180,275
Term Loan		300,000		100,000
Less: Unamortized debt issuance costs		(3,832)		(3,922)
Credit Facility, net	$	347,518	$	276,353

Schedule of Aggregate balances of loans payable

The Company’s notes payable, net, includes two loans: (1) the Cantor Loan and (2) the West Mifflin Note, described in detail below. The following table sets forth the aggregate balances of these loans as of December 31, 2019 and 2018.


	December 31, 2019		December 31, 2018
Notes payable, gross	$	39,475	$	39,475
Less: Unamortized debt issuance costs		(667)		(799)
Cumulative principal repayments		(158)		(22)
Notes payable, net	$	38,650	$	38,654

Schedule of Comprehensive Income (Loss)

The table below details the components of the loss presented on the accompanying Consolidated Statements of Comprehensive Income (Loss) recognized on the Company’s interest rate swap agreements designated as cash flow hedges for the years ended December 31, 2019, 2018, and 2017.


	Years Ended December 31,
	2019		2018		2017

Amount of loss recognized in other comprehensive loss	$	3,922	$	3,919	$	—
Amount of loss reclassified from accumulated other comprehensive loss into interest expense		(969)		(198)		—
Total change in accumulated other comprehensive loss	$	2,953	$	3,721	$	—

Cantor Loan [Member]

Notes Payable and Revolving Credit Facility

Schedule of Maturities of Long-term Debt

As of December 31, 2019, scheduled principal payments due for each fiscal year ended December 31 are as follows:


2020	$	—
2021		282
2022		447
2023		471
2024		492
Thereafter		30,405
Total	$	32,097

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