KORE Group Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Long-Term Debt And Other Borrowings, Net (Tables)

Long-Term Debt And Other Borrowings, Net (Tables)

12 Months Ended

Dec. 31, 2021

The fair values of the Company’s outstanding borrowings approximate the carrying values. The following is a summary of long-term debt:


(in ‘000)	December 31, 2021		December 31, 2020
Term Loan – UBS	$	305,807	$	308,959
Term Loan – BNP Paribas		—		9
Notes under the Backstop Agreement		120,000		—
Other Borrowings		173		—

Total		425,980		308,968
Less — current portion		3,326		3,161
Less — equity component, net of accumulated amortization		15,517		—
Less—debt issuance cost, net of accumulated amortization of $6.1 million and $3.7 million, respectively		8,022		7,403

Total notes and debentures		399,115		298,404
Other Borrowings—Notes payable		—		—

Total Long-term debt and other borrowings	$	399,115	$	298,404

Schedule of Maturities of Long-term Debt

The following is the summary of future principal repayments on long-term debt:


(in ‘000)	Amount
2022	$	3,326
2023		3,153
2024		299,501
2025		—
2026		—
Thereafter		120,000

Total	$	425,980

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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