Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.24.3
Debt (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The table below presents details of the Company’s debt as of the following periods and the effective interest rate as of September 30, 2024:
  Effective interest rate September 30, 2024 December 31, 2023
Adams Street Term Loan
 12.14  % $ 30,289  $ 30,522 
Adams Street Revolving Credit Facility
 14.10  47,000  12,000 
Adams Street Delayed Draw Term Loan
 12.13  14,656  14,769 
Adams Street Incremental Term Loan
 11.90  31,348  31,588 
D&O Financing Loans 2.21  971  598 
Total debt
 124,264  89,477 
Less: unamortized discounts and issuance costs
 960  1,257 
Total debt, net
 123,304  88,220 
Less: Short-term debt, including current portion of long-term debt
 1,751  1,378 
Total long-term debt, net
 $ 121,553  $ 86,842 
As of September 30, 2024, the outstanding principal on the Adams Street Credit Agreement incurs cash interest in accordance with the prime rate plus the applicable rates as set forth in the table below:

  Eurocurrency Rate Base Rate
Term loans
 6.00  % 5.00  %
Revolving credit facility:
Aggregate principal of $5.0 million or less
6.00  5.00 
Aggregate principal in excess of $5.0 million
 7.50  6.50