Global Medical REIT Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Credit Facility, Notes Payable and Derivative Instruments (Tables)

Credit Facility, Notes Payable and Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2019

As of September 30, 2019 and December 31, 2018, the Company had the following outstanding borrowings under the Credit Facility:


	September 30, 2019		December 31, 2018
Revolver	$	67,225	$	180,275
Term Loan		300,000		100,000
Less: Unamortized deferred financing costs		(3,983)		(3,922)
Credit Facility, net	$	363,242	$	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 September 30, 2019 and December 31, 2018.


	September 30, 2019		December 31, 2018
Notes payable, gross	$	39,475	$	39,475
Less: Unamortized debt discount		(701)		(799)
Cumulative principal repayments		(123)		(22)
Notes payable, net	$	38,651	$	38,654

Schedule of comprehensive (Loss) income

The table below details the components of the loss presented on the accompanying Condensed Consolidated Statements of Comprehensive (Loss) Income recognized on the Company’s interest rate swaps designated as cash flow hedges for the three and nine months ended September 30, 2019 and 2018:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018

Amount of loss recognized in other comprehensive loss	$	1,603	$	122	$	7,559	$	122
Amount of loss reclassified from accumulated other comprehensive loss into interest expense		(300)		(13)		(684)		(13)
Total change in accumulated other comprehensive loss	$	1,303	$	109	$	6,875	$	109

Cantor Loan [Member]

Debt Instrument [Line Items]

Schedule of Maturities of Long-term Debt

As of September 30, 2019, scheduled principal payments due for each fiscal year ended December 31 are listed below as follows:


2019	$	—
2020		—
2021		282
2022		447
2023		471
Thereafter		30,897
Total	$	32,097

West Mifflin Note Payable [Member]

Debt Instrument [Line Items]

Schedule of Maturities of Long-term Debt

As of September 30, 2019, scheduled principal payments due for each fiscal year ended December 31 are listed below as follows:


2019 (three months remaining)	$	35
2020		7,220
Total	$	7,255