General form of registration statement for all companies including face-amount certificate companies

Debt (Tables)

v3.21.2
Debt (Tables)
6 Months Ended 11 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Debt    
Schedule of longterm debt

Successor

    

June 30, 

    

December 31, 

2021

2020

2Adams Street Term Loan

$

30,845

$

31,000

Adams Street Revolving Credit Facility

 

 

Adams Street Delayed Draw Term Loan

 

14,925

 

Adams Street Incremental Term Loan

 

31,920

 

SVB Loan Agreement

 

41,626

 

46,500

DSS PPP Loan

 

450

 

1,058

Total debt

$

119,766

$

78,558

Less: unamortized discounts and issuance costs

 

1,812

 

842

Total debt, net

$

117,954

$

77,716

Less: current portion

 

1,230

 

1,074

Long-term debt, net

$

116,724

$

76,642

The Predecessor and the Successor debt balances are summarized as follows:

    

Successor

Predecessor

December 31, 

December 31, 

2020

2019

Crestmark Equipment Finance Agreement

$

$

283

Navitas Credit Corp. Equipment Finance Agreement

 

 

71

2017 Space Florida Loan

 

 

1,000

2018 Space Florida Loan

 

 

1,000

2019 Space Florida Loan

 

 

1,000

Adams Street Term Loan

 

31,000

 

Adams Street Revolving Credit Facility

 

 

Adams Street Delayed Draw Term Loan

 

 

SVB Loan Agreement

 

46,500

 

DSS PPP Loan

 

1,058

 

Total debt

$

78,558

$

3,354

Less: unamortized discounts and issuance costs

 

842

 

50

Total debt, net

$

77,716

$

3,304

Less: current portion

 

1,074

 

208

Long-term debt, net

$

76,642

$

3,096

Schedule of maturities of long term debt

    

2021

    

2022

    

2023

    

2024

    

2025

    

Thereafter

    

Total

Adams Street Term Loan

 

$

155

 

$

310

 

$

310

 

$

310

 

$

310

 

$

29,450

 

$

30,845

Adams Street Incremental Term Loan

 

160

 

320

 

320

 

320

 

320

 

30,480

 

31,920

Adams Street Delayed Draw Term Loan

 

75

 

150

 

150

 

150

 

150

 

14,250

 

14,925

SVB Loan Agreement

 

 

41,626

 

 

 

 

 

41,626

DSS PPP Loan

 

450

 

 

 

 

 

 

450

Total

 

$

840

 

$

42,406

 

$

780

 

$

780

 

$

780

 

$

74,180

 

$

119,766

The maturities of the Company’s long-term debt outstanding as of December 31, 2020 (Successor) are as follows:

    

2021

    

2022

    

2023

    

2024

    

2025

    

Thereafter

    

Total

Adams Street Term Loan

 

310

 

310

 

310

 

310

 

310

 

29,450

 

31,000

SVB Loan Agreement

 

 

46,500

 

 

 

 

 

46,500

DSS PPP Loan

 

764

 

294

 

 

 

 

 

1,058

Total

 

1,074

 

47,104

 

310

 

310

 

310

 

29,450

 

78,558