Tailwind Two Acquisition Corp. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Debt (Tables)

Debt (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2022

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

Long-term debt as of the presented dates was comprised of the following:

(in thousands)


Description	Issued		Maturity		Interest Rate		Interest Payable		March 31, 2022		December 31, 2021
Francisco Partners Facility		November 2021		April 2026		9.25%		Quarterly	$	120,023	$	30,289
Senior Secured Notes due 2026 (1)		March 2021		April 2026		9.25% and 11.25%		Quarterly		56,267		94,686
PIPE Investment Obligation		March 2022		December 2025		N/A		N/A		28,125		—
Finance leases		N/A		N/A		N/A		N/A		49		53
Unamortized deferred issuance costs										(2,115)		(761)
Unamortized discount on debt										(99,905)		(9,119)

Total debt										102,444		115,148

Current portion of long-term debt										7,515		14

Long-term debt									$	94,929	$	115,134

(1) - Includes the Lockheed Martin Rollover Debt and Beach Point Rollover Debt, each as defined below.

N/A - Not meaningful or applicable

Long-term debt as of the presented periods was comprised of the following:


(in thousands)									December 31,
Description	Issued		Maturity		Interest Rate		Interest Payable		2021			2020
Pre-Combination Notes		November 2021		November 2026		9.25%		Quarterly		30,289			—
Senior Secured Notes due 2026		March 2021		April 2026		11.00%		Quarterly		94,686			—
Convertible Notes due 2028		July and August 2018		July 2028		3.05%		6/30 and 12/31		—			36,654
PPP Loan		May 2020		May 2022		1.00%		Monthly		—			2,537
Finance leases		N/A		N/A		N/A		N/A		53			49
Unamortized deferred issuance costs										(761	)		(2,208	)
Unamortized discount on debt										(9,119	)		—

Total debt										115,148			37,032

Current portion of long-term debt										14			1,403

Long-term debt									$	115,134		$	35,629

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details