Components of Debt |
The following table summarizes the components of our debt as of June 30, 2022 and December 31, 2021:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
— |
|
|
$ |
69,000 |
|
|
|
|
— |
|
|
|
171,355 |
|
|
|
|
23,950 |
|
|
|
30,000 |
|
|
|
|
143,350 |
|
|
|
— |
|
New Term Loan Credit Facility |
|
|
302,380 |
|
|
|
— |
|
Best Flow Credit Facility (1)
|
|
|
— |
|
|
|
7,101 |
|
|
|
|
— |
|
|
|
10,827 |
|
Alpine Promissory Note (1)
|
|
|
— |
|
|
|
16,717 |
|
|
|
|
12,739 |
|
|
|
— |
|
|
|
|
12,626 |
|
|
|
1,695 |
|
|
|
|
|
|
|
|
|
|
|
|
|
495,045 |
|
|
|
306,695 |
|
Less: unamortized debt issuance costs |
|
|
(15,755 |
) |
|
|
(5,129 |
) |
Less: current portion of long-term debt |
|
|
(51,329 |
) |
|
|
(31,793 |
) |
|
|
|
|
|
|
|
|
|
|
|
$ |
427,961 |
|
|
$ |
269,773 |
|
|
|
|
|
|
|
|
|
|
(1) |
Related party debt agreements |
|
The following table summarizes the components of our debt as of December 31, 2021 and December 31, 2020:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
69,000 |
|
|
$ |
41,000 |
|
|
|
|
171,355 |
|
|
|
137,355 |
|
|
|
|
30,000 |
|
|
|
— |
|
|
|
|
— |
|
|
|
35,000 |
|
|
|
|
— |
|
|
|
3,911 |
|
Best Flow Credit Facility (1)
|
|
|
7,101 |
|
|
|
37,303 |
|
Best Flow notes payable (1)
|
|
|
— |
|
|
|
— |
|
|
|
|
10,827 |
|
|
|
— |
|
Alpine Promissory Note (1)
|
|
|
16,717 |
|
|
|
— |
|
Alpine Credit Facility (1)
|
|
|
— |
|
|
|
21,135 |
|
|
|
|
1,695 |
|
|
|
5,829 |
|
|
|
|
|
|
|
|
|
|
|
|
|
306,695 |
|
|
|
281,533 |
|
Less: unamortized debt issuance costs |
|
|
(5,129 |
) |
|
|
(5,820 |
) |
Less: current portion of long-term debt |
|
|
(31,793 |
) |
|
|
(15,484 |
) |
|
|
|
|
|
|
|
|
|
|
|
$ |
269,773 |
|
|
$ |
260,229 |
|
|
|
|
|
|
|
|
|
|
(1) |
Related party debt agreements. |
|
Summary of Principal Maturity Schedule |
The following table summarizes the principal maturity schedule for our long-term debt outstanding as of June 30, 2022:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
8,659 |
|
|
$ |
15,291 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
23,950 |
|
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
143,350 |
|
|
|
143,350 |
|
New Term Loan Credit Facility |
|
|
7,560 |
|
|
|
15,120 |
|
|
|
15,120 |
|
|
|
264,580 |
|
|
|
— |
|
|
|
— |
|
|
|
302,380 |
|
|
|
|
— |
|
|
|
12,739 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
12,739 |
|
|
|
|
7,803 |
|
|
|
1,908 |
|
|
|
1,907 |
|
|
|
543 |
|
|
|
79 |
|
|
|
386 |
|
|
|
12,626 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
24,022 |
|
|
$ |
45,058 |
|
|
$ |
17,027 |
|
|
$ |
265,123 |
|
|
$ |
79 |
|
|
$ |
143,736 |
|
|
$ |
495,045 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following table summarizes the principal maturity schedule for our long-term debt outstanding as of December 31, 2021:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
69,000 |
|
|
$ |
69,000 |
|
|
|
|
16,875 |
|
|
|
22,500 |
|
|
|
22,500 |
|
|
|
109,480 |
|
|
|
— |
|
|
|
— |
|
|
|
171,355 |
|
|
|
|
14,110 |
|
|
|
15,890 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
30,000 |
|
Best Flow Credit Facility (1)
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
7,101 |
|
|
|
7,101 |
|
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
10,827 |
|
|
|
10,827 |
|
Alpine Promissory Note (1)
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
16,717 |
|
|
|
16,717 |
|
|
|
|
808 |
|
|
|
173 |
|
|
|
152 |
|
|
|
101 |
|
|
|
75 |
|
|
|
386 |
|
|
|
1,695 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
31,793 |
|
|
$ |
38,563 |
|
|
$ |
22,652 |
|
|
$ |
109,581 |
|
|
$ |
75 |
|
|
$ |
104,031 |
|
|
$ |
306,695 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
Principal maturity for these facilities reflect the terms of the New ABL Credit Facility, the New Term Loan Credit Facility and the Equify Bridge Note which refinanced these facilities subsequent to December 31, 2021, however the presented amounts due at maturity in the schedule above are limited by the balances outstanding as of December 31, 2021. See Note 11 - Subsequent Events for additional detail and a schedule of the full principal repayment obligations as of March 30, 2022. |
|