Tailwind Two Acquisition Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

Debt (Tables)

12 Months Ended

Dec. 31, 2022

Long-term debt as of the presented periods was comprised of the following (including accrued interest paid-in-kind):


(in thousands)					December 31,
Description	Issued	Maturity	Interest Rate	Interest Payable	2022	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	56,741	94,686
Convertible Notes due 2027	October 2022	October 2027	10.00%	Quarterly	101,699	-
PIPE Investment Obligation	March 2022	December 2025	N/A	N/A	22,500	-
Equipment financings(2)					859	-
Finance leases					411	53
Unamortized deferred issuance costs					(3,073)	(761)
Unamortized discount on debt					(148,801)	(9,119)
Total debt					150,359	115,148
Current portion of long-term debt					7,739	14
Long-term debt					$142,620	$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

Summary of Aggregate Annual Maturities of Debt

As of December 31, 2022, the aggregate annual maturities of debt, excluding finance leases, were as follows:


(in thousands)
2023	$	7,649
2024		7,658
2025		7,669
2026		176,944
2027		101,839
Thereafter		63
Total debt maturities		301,822
Less: Unamortized deferred issuance costs		(3,073	)
Less: Unamortized discount on debt		(148,801	)
Plus: Finance leases		411
Total debt		150,359
Less: Current maturities of long-term debt		7,739
Long-term debt	$	142,620

- 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