Quarterly report pursuant to Section 13 or 15(d)

Borrowings (Tables)

v3.19.3
Borrowings (Tables)
 9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Schedule of Borrowings
NOTE 8 — BORROWINGS
 
 
 
 
September 30, 2019
 
December 31, 2018
 
 
Maturity
 
Interest Rate
 
Amount
 
Interest Rate
 
Amount
2019 Term Loan
 
May 2020 (1)
 
12% (2)
 
$
86,508

 
—

 
$
—

2018 Term Loan
 
September 2021
 
5%-8% + LIBOR (3)
 
60,000

 
5%-8% + LIBOR (3)
 
60,000

Unamortized deferred financing costs, discounts and fees
 
 
 
 
 
(13,333
)
 
 
 
(2,952
)
Total borrowings
 
 
 
 
 
$
133,175

 
 
 
$
57,048

(1) Subject to two six-month extensions if specific criteria are met.
(2) Of this amount, we may defer up to 4% each quarter as paid-in-kind interest.
(3) The applicable margin is 5% through the end of the first year from September 28, 2018 (the “Closing Date”), 7% through the end of the second year following the Closing Dat