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SEC Filings
424B3
SUSSER HOLDINGS CORP filed this Form 424B3 on 09/02/2016
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PHILADELPHIA ENERGY SOLUTIONS LLC

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

(in thousands, except unit and volume data)

 

make installment payments over seven years and pay a monthly development fee of 12%. The agreement is a financing arrangement and accordingly, the Company recorded $50,675 in property, plant and equipment and the corresponding financing obligation in the consolidated balance sheet as of December 31, 2014. During the year ended December 31, 2015, additional components of the rail terminal were completed and an additional $17,336 of property, plant and equipment and financing obligation was recorded. As of December 31, 2015 and 2014, the amounts outstanding were $61,509 and $50,035 respectively.

The following table summarizes scheduled maturities of debt and capital lease and other obligations at December 31, 2015:

 

     Term Loans      Capital lease
and other
obligations
 

Year ending December 31:

     

2016

   $ 36,750       $ 9,122   

2017

     36,750         9,658   

2018

     555,125         10,889   

2019

     23,438         12,277   

2020

     —           13,842   

Thereafter

     —           6,277   

Less: unamortized discount

     (3,712      —     
  

 

 

    

 

 

 

Total

   $ 648,351       $ 62,065   
  

 

 

    

 

 

 

9. OTHER LONG-TERM LIABILITIES

Other long-term liabilities consist of the following as of December 31, 2015 and 2014:

 

     December 31,  
     2015      2014  

Asset retirement obligations

   $ 15,007       $ 15,504   

Out of market contracts, net of $9,435 and $6,419 of accumulated amortization

     3,565         6,581   

Other

     761         694   
  

 

 

    

 

 

 
   $ 19,333       $ 22,779   
  

 

 

    

 

 

 

The following table presents the activity for asset retirement obligations for the years ended December 31, 2015 and 2014:

 

     2015      2014  

Balance—beginning of year

   $ 15,504       $ 17,587   

Obligations settled

     (1,713      (2,238

Changes in estimates

     —           (1,228

Accretion

     1,216         1,383   
  

 

 

    

 

 

 

Balance—end of year

   $ 15,007       $ 15,504   
  

 

 

    

 

 

 

There are no assets legally restricted for purposes of settling asset retirement obligations.

 

F-43

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