Summary of Long-term Bank and Other Borrowings |
Long-term bank and other borrowings consist of the following (in thousands):
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Interest Nominal Rate
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As of
September 30,
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As of
December 31,
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Interest Contractual Rate
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As of
September 30,
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As of
December 31,
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2021
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2020
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Maturity
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as of September 30, 2021
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2021
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2020
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|
UniCredit S.p.A.
(Line A Tranche 1)
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$
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2,720
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|
$
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3,235
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July 2023
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Euribor 3 months + 3.10%
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|
|
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2.80
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%
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|
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2.80
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%
|
UniCredit S.p.A.
(Line A Tranche 2)
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|
|
130
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|
|
|
153
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November 2023
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Euribor 3 months + 3.10%
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|
|
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2.80
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%
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|
|
2.80
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%
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UniCredit S.p.A. (Line B)
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|
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2,626
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|
3,030
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May 2024
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Euribor 3 months + 2.90%
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|
|
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2.60
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%
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|
2.60
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%
|
UniCredit S.p.A. (Line C)
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2,130
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2,521
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August 2023
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Euribor 3 months + 3.90%
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|
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3.36
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%
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|
|
3.36
|
%
|
Intesa Sanpaolo S.p.A.
(Line 1)
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|
|
443
|
|
|
|
931
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April 2022
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Euribor 3 months + 2.30%
|
|
|
|
1.76
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%
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|
|
1.26
|
%
|
Intesa Sanpaolo S.p.A.
(Line 2)
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|
|
3,218
|
|
|
|
4,292
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|
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April 2024
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|
Euribor 3 months + 3.10%
|
|
|
|
2.56
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%
|
|
|
2.06
|
%
|
Intesa Sanpaolo S.p.A.
(Line 3)
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|
|
9,156
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|
|
|
9,688
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June 2026
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|
Euribor 3 months + 2.15%
|
|
|
|
1.61
|
%
|
|
|
1.11
|
%
|
Intesa Sanpaolo S.p.A.
(Line 4)
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|
6,366
|
|
|
|
6,734
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July 2026
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Euribor 3 months + 2.20%
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|
|
|
1.66
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%
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|
|
1.16
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%
|
UBI Banca S.p.A. (Line 1)
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|
|
—
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|
209
|
|
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August 2021
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Euribor 3 months + 1.25%
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|
|
1.25
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%
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|
1.25
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%
|
UBI Banca S.p.A. (Line 2)
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|
98
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|
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|
1,031
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October 2021
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Euribor 3 months +1.95%
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|
|
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1.41
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%
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|
1.41
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%
|
Monte dei Paschi di
Siena S.p.A. (Line 1)
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|
|
136
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|
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|
328
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April 2022
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0.95
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%
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|
|
0.95
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%
|
|
|
0.95
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%
|
Monte dei Paschi di
Siena S.p.A. (Line 2)
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|
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1,542
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|
|
|
2,037
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June 2023
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|
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1.50
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%
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|
|
1.50
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%
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|
|
1.50
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%
|
Banco BPM S.p.A. (Line 1)
|
|
|
705
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|
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|
1,056
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June 2023
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Euribor 3 months + 2.00%
|
|
|
|
2.00
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%
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|
|
2.00
|
%
|
Banco BPM S.p.A. (Line 3)
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5,572
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|
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|
6,355
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September 2024
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Euribor 3 months + 3.00%
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|
2.46
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%
|
|
|
2.46
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%
|
Simest 1
|
|
|
242
|
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|
307
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|
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December 2023
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|
0.50
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%
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|
0.50
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%
|
|
|
0.50
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%
|
Simest 2
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|
240
|
|
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|
305
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|
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December 2023
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0.50
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%
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|
0.50
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%
|
|
|
0.50
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%
|
Simest 3
|
|
|
441
|
|
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|
560
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December 2023
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|
0.50
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%
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|
|
0.50
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%
|
|
|
0.50
|
%
|
Simest 4
|
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|
1,245
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|
|
|
—
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April 2027
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|
|
0.50
|
%
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|
|
0.50
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%
|
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|
—
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|
Banco Popolare Società Cooperativa
|
|
|
19
|
|
|
|
—
|
|
|
December 2021
|
|
Euribor 3 months + 1.85%
|
|
|
|
1.85
|
%
|
|
|
—
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|
Total bank and other borrowings
|
|
|
37,029
|
|
|
|
42,772
|
|
|
|
|
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Less: current portion
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|
10,455
|
|
|
|
10,798
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|
|
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Total long-term portion
|
|
$
|
26,574
|
|
|
$
|
31,974
|
|
|
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|
Summary of Payments Obliged |
As of September 30, 2021, the Company is obliged to make payments as follows (in thousands):
|
|
As of
September 30, 2021
|
|
2021 (remaining three months)
|
|
$
|
2,881
|
|
2022
|
|
|
10,694
|
|
2023
|
|
|
10,567
|
|
2024
|
|
|
6,399
|
|
2025
|
|
|
3,894
|
|
2026 and thereafter
|
|
|
2,594
|
|
Total
|
|
$
|
37,029
|
|
|