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Long-term debt as of the presented dates was comprised of the following:
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(in thousands) |
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Description |
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Issued |
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Maturity |
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Interest Rate |
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Interest Payable |
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September 30, 2022 |
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December 31, 2021 |
Francisco Partners Facility |
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November 2021 |
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April 2026 |
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9.25% |
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Quarterly |
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$120,023 |
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$30,289 |
Senior Secured Notes due 2026(1) |
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March 2021 |
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April 2026 |
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9.25% and 11.25% |
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Quarterly |
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56,581 |
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94,686 |
PIPE Investment Obligation |
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March 2022 |
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December 2025 |
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N/A |
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N/A |
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24,375 |
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- |
Equipment financings(2) |
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895 |
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- |
Finance leases |
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432 |
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53 |
Unamortized deferred issuance costs |
(1,989) |
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(761) |
Unamortized discount on debt |
(93,245) |
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(9,119) |
Total debt |
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107,072 |
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115,148 |
Current portion of long-term debt |
7,735 |
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14 |
Long-term debt |
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$99,337 |
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$115,134 |
(1) - Includes the Lockheed Martin Rollover Debt and Beach Point Rollover Debt, each as defined below.
(2) - Consists of equipment financing debt agreements with maturities through July 2028, annual interest rates ranging from 6.25% to 6.50%, and requiring monthly payments of interest and principal.
N/A - Not meaningful or applicable.
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