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Short-Term Revolving Lines of Credit
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9 Months Ended |
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Dec. 31, 2012
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| Short-Term Revolving Lines of Credit |
Short-Term Revolving Lines of Credit
The Company’s subsidiary in the Netherlands has a revolving credit facility in the amount of Euro 4,000 (equivalent to $5,286 USD at December 31, 2012). The facility is collateralized by receivables, inventory, equipment, furniture and real estate. No loans were outstanding on this facility at December 31, 2012 or March 31, 2012.
The Company’s subsidiary in India has a revolving credit facility in the amount of 80,000 Rupees (equivalent to $1,460 USD at December 31, 2012). The facility is collateralized by receivables, inventory, real estate, a letter of credit and cash. No loans were outstanding under the facility at December 31, 2012 or March 31, 2012.
The Company’s subsidiary in Australia has a revolving credit facility in the amount of $325 Australian Dollars (equivalent to $337 USD at December 31, 2012). The facility is collateralized by real estate. No loans were outstanding under the facility at December 31, 2012 or March 31, 2012.
The Company’s subsidiary in Japan has a revolving credit facility in the amount of 45,000 Japanese Yen (equivalent to $524 USD at December 31, 2012). No loans were outstanding under the Japanese revolving credit facility at December 31, 2012 or March 31, 2012.
Under the Company’s principal revolving credit facility described below in Note 9, “Long-Term Debt,” there were no outstanding borrowings at either December 31, 2012, or March 31, 2012, respectively.
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Thermon Holding Corp.
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| Short-Term Revolving Lines of Credit |
Short-Term Revolving Lines of Credit
The Company’s subsidiary in the Netherlands has a revolving credit facility in the amount of Euro 4,000 (equivalent to $5,286 USD at December 31, 2012). The facility is collateralized by receivables, inventory, equipment, furniture and real estate. No loans were outstanding on this facility at December 31, 2012 or March 31, 2012.
The Company’s subsidiary in India has a revolving credit facility in the amount of 80,000 Rupees (equivalent to $1,460 USD at December 31, 2012). The facility is collateralized by receivables, inventory, real estate, a letter of credit and cash. No loans were outstanding on this facility at December 31, 2012 or March 31, 2012.
The Company’s subsidiary in Australia has a revolving credit facility in the amount of $325 Australian Dollars (equivalent to $337 USD at December 31, 2012). The facility is collateralized by real estate. No loans were outstanding under the facility at December 31, 2012 or March 31, 2012.
The Company’s subsidiary in Japan has a revolving credit facility in the amount of 45,000 Japanese Yen (equivalent to $524 USD at December 31, 2012). No loans were outstanding under the Japanese revolving credit facility at December 31, 2012 or March 31, 2012.
Under the Company’s principal revolving credit facility described below in Note 8, “Long-Term Debt,” there were no outstanding borrowings at either December 31, 2012, and March 31, 2012, respectively.
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