|
Long-term debt (including accrued interest to be paid-in-kind) as of the presented periods was comprised of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
Description |
|
Issued |
|
Maturity |
|
Interest Rate |
|
Interest Payable |
|
September 30, 2023 |
|
December 31, 2022 |
Francisco Partners Facility |
|
November 2021 |
|
April 2026 |
|
9.25% |
|
Quarterly |
|
$120,023 |
|
$120,023 |
Lockheed Martin Rollover Debt |
|
March 2021 |
|
April 2026 |
|
9.25% |
|
Quarterly |
|
25,000 |
|
25,000 |
Beach Point Rollover Debt |
|
March 2021 |
|
April 2026 |
|
11.25% |
|
Quarterly |
|
32,218 |
|
31,741 |
Convertible Notes due 2027 |
|
October 2022 |
|
October 2027 |
|
10.00% |
|
Quarterly |
|
109,491 |
|
101,699 |
PIPE Investment Obligation |
|
March 2022 |
|
December 2025 |
|
N/A |
|
N/A |
|
18,750 |
|
22,500 |
Equipment financings(1) |
|
|
|
|
|
|
|
|
|
2,067 |
|
859 |
Finance leases(2) |
|
|
|
|
|
|
|
|
|
5,437 |
|
411 |
Unamortized deferred issuance costs |
(2,785) |
|
(3,073) |
Unamortized discount on debt |
(134,312) |
|
(148,801) |
Total debt |
|
|
|
|
|
|
|
|
|
175,889 |
|
150,359 |
Current portion of long-term debt |
11,632 |
|
7,739 |
Long-term debt |
|
|
|
|
|
|
|
|
|
$164,257 |
|
$142,620 |
(1) - Consists of equipment financing debt agreements, primarily entered into during 2023, with maturities through September 2030, annual interest rates ranging from 6.25% to 20.05%, and requiring monthly payments of interest and principal.
(2) - Refer to Note 14 “Leases” for further discussion.
|