KORE Group Holdings, Inc. General form of registration statement for all companies including face-amount certificate companies

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

Long-Term Debt (Tables)

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020		December 31, 2019
Term Loan – UBS	$	308,959	$	312,112
Term Loan – BNP Paribas		9		103

Total		308,968		312,215
Less – current portion		3,161		3,248
Less – debt issuance cost, net of accumulated amortization of $3.7 million and $1.8 million, respectively		7,403		9,233

Total – Long-term, net	$	298,404	$	299,734

Schedule of Maturities of Long-term Debt

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


(in ‘000)	Amount
2021	$	3,161
2022		3,153
2023		3,153
2024		299,501
2025		—

Total	$	308,968

- 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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+ Details