Net Cash Used In Financing Activities The following table details the items contributing to Net Cash Used In Financing Activities for the fiscal years ended September 30, 2019, 2018 and 2017: The increase in net cash used in financing activities for the fiscal year ended September 30, 2019, as compared to the fiscal year ended September 30, 2018, was primarily due to the Company purchasing 752,234 common shares through a tender offer, for an aggregate amount of approximately $25,576,000, terminating its 2014 Post-Closing Agreement relating to sugarcane transaction pursuant to which the Company paid approximately $11,300,000, and paying down, net of borrowings, of its revolving line of credit by approximately $2,265,000. The decrease in net cash used in financing activities for the fiscal year ended September 30, 2018, as compared to the fiscal year ended September 30, 2017, was primarily due to decreased repayments on the revolving line of credit, which was partially offset by less borrowings being made on the revolving lines of credit. Additionally, greater principal payments were made on the term loans of approximately $4,453,000 from a portion of the proceeds from the sale of assets, which was offset by the Company electing not to make its scheduled principal payment on certain other term loans for the first and second quarter of fiscal year 2018 of approximately $3,100,000, as it utilized its prepayment to satisfy its payment requirement. Alico had no amount outstanding on its revolving lines of credit as of September 30, 2019. The WCLC line of credit agreement provides for Rabo Agrifinance, Inc. to issue up to $2,000,000 in letters of credit on the Company’s behalf. As of September 30, 2019, there was approximately $460,000 in outstanding letters of credit, which correspondingly slightly reduced Alico's availability under the line of credit. None Alico has various contractual obligations which are fixed and determinable. The following table presents the Company's significant contractual obligations and commercial commitments on an undiscounted basis as of September 30, 2019 and the future periods in which such obligations are expected to be settled in cash. Off Balance Sheet Arrangements Contractual Obligations (in thousands) Fiscal Year Ended September 30, Fiscal Year Ended September 30, 2019 2018 Change 2018 2017 Change Repayments on revolving lines of credit $ (89,231 ) $ (25,600 ) $ (63,631 ) $ (25,600 ) $ (70,770 ) $ 45,170 Borrowings on revolving lines of credit 86,546 28,285 58,261 28,285 65,770 (37,485) Principal payments on term loans (10,900 ) (12,127 ) 1,227 (12,127 ) (10,743 ) (1,384 ) Treasury stock purchases (25,576) (2,215) (23,361) (2,215) (3,064) 849 Payment on termination of sugarcane agreement (11,300 ) — (11,300 ) — — — Dividends paid (1,833) (1,972) 139 (1,972) (1,987) 15 Capital contribution received from noncontrolling interest — 1,000 (1,000 ) 1,000 — 1,000 Capital lease obligation payments — (8) 8 (8) (580) 572 Net cash used in financing activities $ (52,294 ) $ (12,637 ) $ (39,657 ) $ (12,637 ) $ (21,374 ) $ 8,737 37