Quarterly report pursuant to Section 13 or 15(d)

Bank and Other Borrowings (Tables)

v3.21.1
Bank and Other Borrowings (Tables)
3 Months Ended
Mar. 31, 2021
Bank And Other Borrowings [Abstract]  
Summary of Long-term Bank and Other Borrowings

Long-term bank and other borrowings consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

Interest Nominal Rate

 

 

 

As of

March 31,

 

 

As of

December 31,

 

 

 

 

Interest

 

 

As of

March 31,

 

 

As of

December 31,

 

 

 

2021

 

 

2020

 

 

Maturity

 

Contractual Rate

 

 

2021

 

 

2020

 

UniCredit S.p.A.

   (Line A Tranche (1)

 

$

2,750

 

 

$

3,235

 

 

July 2023

 

Euribor 3 months + 3.10%

 

 

 

2.80

%

 

 

2.80

%

UniCredit S.p.A.

   (Line A Tranche (2)

 

 

132

 

 

 

153

 

 

November 2023

 

Euribor 3 months + 3.10%

 

 

 

2.80

%

 

 

2.80

%

UniCredit S.p.A. (Line B)

 

 

2,656

 

 

 

3,030

 

 

May 2024

 

Euribor 3 months + 2.90%

 

 

 

2.60

%

 

 

2.60

%

UniCredit S.p.A. (Line C)

 

 

2,153

 

 

 

2,521

 

 

August 2023

 

Euribor 3 months + 3.90%

 

 

 

3.36

%

 

 

3.36

%

Intesa Sanpaolo S.p.A.

   (Line 1)

 

 

744

 

 

 

931

 

 

April 2022

 

Euribor 3 months + 1.80%

 

 

 

1.26

%

 

 

1.26

%

Intesa Sanpaolo S.p.A.

   (Line 2)

 

 

3,824

 

 

 

4,292

 

 

April 2024

 

Euribor 3 months + 2.60%

 

 

 

2.06

%

 

 

2.06

%

Intesa Sanpaolo S.p.A.

   (Line 3)

 

 

9,265

 

 

 

9,688

 

 

June 2026

 

Euribor 3 months + 1.65%

 

 

 

1.11

%

 

 

1.11

%

Intesa Sanpaolo S.p.A.

   (Line 4)

 

 

6,439

 

 

 

6,734

 

 

July 2026

 

Euribor 3 months + 1.70%

 

 

 

1.16

%

 

 

1.16

%

UBI Banca S.p.A. (Line 1)

 

 

125

 

 

 

209

 

 

August 2021

 

Euribor 3 months + 1.25%

 

 

 

1.25

%

 

 

1.25

%

UBI Banca S.p.A. (Line 2)

 

 

692

 

 

 

1,031

 

 

October 2021

 

Euribor 3 months +1.95%

 

 

 

1.41

%

 

 

1.41

%

Monte dei Paschi di

   Siena S.p.A. (Line 1)

 

 

256

 

 

 

328

 

 

April 2022

 

 

0.95

%

 

 

0.95

%

 

 

0.95

%

Monte dei Paschi di

   Siena S.p.A. (Line 2)

 

 

1,949

 

 

 

2,037

 

 

June 2023

 

 

1.50

%

 

 

1.50

%

 

 

1.50

%

Banco BPM S.p.A. (Line 1)

 

 

912

 

 

 

1,056

 

 

June 2023

 

Euribor 3 months + 2.00%

 

 

 

2.00

%

 

 

2.00

%

Banco BPM S.p.A. (Line 3)

 

 

6,086

 

 

 

6,355

 

 

September 2024

 

Euribor 3 months + 3.00%

 

 

 

2.46

%

 

 

2.46

%

Simest 1

 

 

293

 

 

 

307

 

 

December 2023

 

 

0.50

%

 

 

0.50

%

 

 

0.50

%

Simest 2

 

 

291

 

 

 

305

 

 

December 2023

 

 

0.50

%

 

 

0.50

%

 

 

0.50

%

Simest 3

 

 

535

 

 

 

560

 

 

December 2023

 

 

0.50

%

 

 

0.50

%

 

 

0.50

%

Total bank and other borrowings

 

 

39,102

 

 

 

42,772

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less: current portion

 

 

8,082

 

 

 

10,798

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total long-term portion

 

$

31,020

 

 

$

31,974

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Payments Obliged

As of March 31, 2021, the Company is obliged to make payments as follows (in thousands):

 

 

 

As of

March 31, 2021

 

2021 (remaining nine months)

 

$

5,807

 

2022

 

 

10,819

 

2023

 

 

10,537

 

2024

 

 

6,160

 

2025

 

 

3,626

 

2026 and thereafter

 

 

2,153

 

Total

 

$

39,102