| Schedule of Borrowings |
The following tables summarize the Company’s borrowings as of September 30, 2020, and December 31, 2019 (in thousands):
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September 30, 2020 |
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Principal repayment obligation (1)
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Unamortized DFC and discounts |
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Carrying value |
| 2020 Unsecured Note |
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$ |
29,500 |
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$ |
(7,652) |
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$ |
21,848 |
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2019 Term Loan, due March 2022 (2)
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43,331 |
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(5,672) |
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37,659 |
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| 2018 Term Loan, due September 2021 |
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60,000 |
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(1,074) |
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58,926 |
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| Total borrowings |
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$ |
132,831 |
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$ |
(14,398) |
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$ |
118,433 |
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December 31, 2019 |
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Principal repayment obligation and
other fees (3)
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Unamortized DFC and discounts |
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Carrying value |
2019 Term Loan, due March 2022 (2)
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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 |
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60,000 |
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(1,879) |
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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 $2.4 million.
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| (2) Maturity date amended as part of the Fourth Amendment to the 2019 Term Loan. |
(3) 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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| Summary of Debt Instrument Payment Schedule |
As of September 30, 2020, we had repaid $26.5 million of the 2020 Unsecured Note and the remaining repayments are scheduled as follows (in thousands):
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| Period |
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Periodic Amount |
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Total Amount |
| October 1, 2020 |
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$ |
5,000 |
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$ |
5,000 |
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| November 1, 2020 |
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4,500 |
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4,500 |
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| December 1, 2020 – April 1, 2021 |
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4,000 |
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20,000 |
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| Total remaining amortization payments |
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$ |
29,500 |
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