Annual report pursuant to Section 13 and 15(d)

LONG-TERM DEBT, COMMON STOCK WARRANT LIABILITY, AND SUBSEQUENT EVENT (Tables)

v3.20.4
LONG-TERM DEBT, COMMON STOCK WARRANT LIABILITY, AND SUBSEQUENT EVENT (Tables)
12 Months Ended
Dec. 31, 2020
LONG-TERM DEBT, COMMON STOCK WARRANT LIABILITY, AND SUBSEQUENT EVENT  
Debt Instrument Redemption

The Company may redeem some or all of the 2028 Notes at any time on or after February 15, 2024, for cash at the following redemption prices.

 

 

 

 

Redemption Periods

    

Percentage Premium

February 15, 2024 to February 14, 2025

 

104.125

%

February 15, 2025 to February 14, 2026

 

102.063

%

February 15, 2026 and Thereafter

 

100.000

%

 

Schedule of Long-Term Debt, Related Discounts and Issuance Costs

Long-term debt, related discounts and issuance costs consisted of the following:

 

 

 

 

 

 

 

(In Thousands)

 

December 31, 

 

 

2020

 

2019

Senior Secured Notes due 2024

 

$

106,825

 

$

107,925

Unsecured Loans (CARES Act)

 

 

5,606

 

 

 —

Less: Unamortized discounts and debt issuance costs

 

 

(5,173)

 

 

(3,902)

 

 

 

107,258

 

 

104,023

Less: Current portion of long-term debt

 

 

(426)

 

 

(1,100)

 

 

$

106,832

 

$

102,923

 

Schedule of Maturities of Long-term Debt [Table Text Block]

 

 

 

 

 

 

 

(In Thousands)

 

 

 

 

 

 

 

 

Senior Secured

 

 

 

For Years ending December 31, 

    

Notes due 2024

 

Unsecured Loans

2021

 

$

1,100

 

$

426

2022

 

 

1,100

 

 

1,498

2023

 

 

1,100

 

 

1,513

2024

 

 

103,525

 

 

1,528

2025

 

 

 —

 

 

641

Thereafter

 

 

 —

 

 

 —

 

 

$

106,825

 

$

5,606