Annual report pursuant to Section 13 and 15(d)

BORROWINGS (Tables)

v3.20.4
BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Borrowings
The following tables summarize the Company’s borrowings as of December 31, 2020, and December 31, 2019 (in thousands):
December 31, 2020
Principal repayment obligation Unamortized DFC and discounts Carrying value
2020 Unsecured Note $ 16,000  $ (2,376) $ 13,624 
2019 Term Loan, due March 2022 (a, b)
43,217  (4,942) 38,275 
2018 Term Loan, due September 2021 60,000  (805) 59,195 
Total borrowings $ 119,217  $ (8,123) $ 111,094 
December 31, 2019
Principal repayment obligation and
other fees		 Unamortized DFC and discounts Carrying value
2019 Term Loan, due March 2022 (a, c)
$ 84,955  $ (6,427) $ 78,528 
2018 Term Loan, due September 2021 60,000  (1,879) 58,121 
Total borrowings $ 144,955  $ (8,306) $ 136,649 
(a) Maturity date amended as part of the Fourth Amendment to the 2019 Term Loan.
(b) Includes paid-in-kind interest on the 2019 Term Loan of $3.3 million.
(c) Includes paid-in-kind interest on the 2019 Term Loan of $1.8 million as well as a final payment fee equal to 20% of the principal amount less financing costs and cash interest amounts paid.
Summary Of Debt Instrument Payment Schedule As of December 31, 2020, we repaid $40.0 million of the 2020 Unsecured Note. The remaining repayments are scheduled as follows (in thousands):
Period Periodic Amount Total
January 1, 2021 – April 1, 2021 $ 4,000  $ 16,000