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, 2022

The Company carries its long term debt based on amortized cost using the effective interest rate method. The following is a summary of long-term debt:


(In thousands, USD)	December 31, 2022		December 31, 2021
Term Loan – UBS	$	302,654	$	305,807
Notes under the Backstop Agreement	120,000		120,000
Other Borrowings	2,754		173
Total	425,408		425,980
Less—current portion	(5,345)		(3,326)
Less—equity component, net of accumulated amortization	—		(15,517)
Less—debt issuance cost, net of accumulated amortization of $8.5 million and $6.1 million, respectively	(6,153)		(8,022)
Total Long-term debt and other borrowings	413,910		399,115

Schedule of Maturities of Long-term Debt

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


(In thousands, USD)	Amount
2023	$	5,345
2024	300,063
2025	—
2026	—
2027	—
Thereafter	120,000
Total	$	425,408

- 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