| Schedule of Borrowings |
The following tables summarize the Company’s borrowings as of March 31, 2020, and December 31, 2019 (in thousands):
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March 31, 2020 |
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Principal repayment obligation (1)
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Unamortized DFC and discounts |
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Carrying value |
Amended 2019 Term Loan, due November 2021 |
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$ |
73,130 |
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$ |
(2,931 |
) |
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$ |
70,199 |
|
2018 Term Loan, due September 2021 |
|
60,000 |
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|
(1,610 |
) |
|
58,390 |
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Total borrowings |
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$ |
133,130 |
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$ |
(4,541 |
) |
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$ |
128,589 |
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December 31, 2019 |
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Principal repayment obligation and
other fees (2)
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Unamortized DFC and discounts |
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Carrying value |
2019 Term Loan, due May 2020 |
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$ |
84,955 |
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$ |
(6,427 |
) |
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$ |
78,528 |
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2018 Term Loan, due September 2021 |
|
60,000 |
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|
(1,879 |
) |
|
58,121 |
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Total borrowings |
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$ |
144,955 |
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$ |
(8,306 |
) |
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$ |
136,649 |
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(1) Includes paid-in-kind interest on the 2019 Term loan of $0.1 million
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(2) 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. |
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