Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.22.1
Debt (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt

Long-term debt consisted of the following:

 

 

December 31,

 

 

 

2021

 

 

2020

 

Senior Secured Term Loan

 

$

120,745

 

 

$

246,250

 

ABL Credit Facility

 

 

14,170

 

 

 

23,710

 

PPP Loan

 

 

-

 

 

 

10,000

 

USDA Loan

 

 

25,000

 

 

 

21,996

 

Equipment financing

 

 

8,540

 

 

 

12,866

 

Capital leases

 

 

3,204

 

 

 

229

 

Total debt principal balance

 

 

171,659

 

 

 

315,051

 

Senior Secured Term Loan future interest payable

 

 

24,384

 

 

 

10,925

 

Unamortized debt discount and issuance costs

 

 

(11,792

)

 

 

(28,501

)

Current maturities

 

 

(9,504

)

 

 

(13,573

)

Net long-term debt

 

$

174,747

 

 

$

283,902

 

Schedule of Repayment Requirements of Long-term Debt

As of December 31, 2021, the schedule of the repayment requirements of long-term debt is as follows:

 

 

Principal Amount

 

Fiscal Year

 

of Long-term Debt

 

2022

 

$

9,504

 

2023

 

 

9,642

 

2024

 

 

10,402

 

2025

 

 

123,533

 

2026

 

 

3,367

 

Thereafter

 

 

15,211

 

Total

 

$

171,659