Quarterly report pursuant to Section 13 or 15(d)

Bank and Other Borrowings (Tables)

v3.21.2
Bank and Other Borrowings (Tables)
9 Months Ended
Sep. 30, 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

September 30,

 

 

As of

December 31,

 

 

 

 

Interest Contractual Rate

 

 

As of

September 30,

 

 

As of

December 31,

 

 

 

2021

 

 

2020

 

 

Maturity

 

as of September 30, 2021

 

 

2021

 

 

2020

 

UniCredit S.p.A.

   (Line A Tranche 1)

 

$

2,720

 

 

$

3,235

 

 

July 2023

 

Euribor 3 months + 3.10%

 

 

 

2.80

%

 

 

2.80

%

UniCredit S.p.A.

   (Line A Tranche 2)

 

 

130

 

 

 

153

 

 

November 2023

 

Euribor 3 months + 3.10%

 

 

 

2.80

%

 

 

2.80

%

UniCredit S.p.A. (Line B)

 

 

2,626

 

 

 

3,030

 

 

May 2024

 

Euribor 3 months + 2.90%

 

 

 

2.60

%

 

 

2.60

%

UniCredit S.p.A. (Line C)

 

 

2,130

 

 

 

2,521

 

 

August 2023

 

Euribor 3 months + 3.90%

 

 

 

3.36

%

 

 

3.36

%

Intesa Sanpaolo S.p.A.

   (Line 1)

 

 

443

 

 

 

931

 

 

April 2022

 

Euribor 3 months + 2.30%

 

 

 

1.76

%

 

 

1.26

%

Intesa Sanpaolo S.p.A.

   (Line 2)

 

 

3,218

 

 

 

4,292

 

 

April 2024

 

Euribor 3 months + 3.10%

 

 

 

2.56

%

 

 

2.06

%

Intesa Sanpaolo S.p.A.

   (Line 3)

 

 

9,156

 

 

 

9,688

 

 

June 2026

 

Euribor 3 months + 2.15%

 

 

 

1.61

%

 

 

1.11

%

Intesa Sanpaolo S.p.A.

   (Line 4)

 

 

6,366

 

 

 

6,734

 

 

July 2026

 

Euribor 3 months + 2.20%

 

 

 

1.66

%

 

 

1.16

%

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

 

 

 

 

 

209

 

 

August 2021

 

Euribor 3 months + 1.25%

 

 

 

1.25

%

 

 

1.25

%

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

 

 

98

 

 

 

1,031

 

 

October 2021

 

Euribor 3 months +1.95%

 

 

 

1.41

%

 

 

1.41

%

Monte dei Paschi di

   Siena S.p.A. (Line 1)

 

 

136

 

 

 

328

 

 

April 2022

 

 

0.95

%

 

 

0.95

%

 

 

0.95

%

Monte dei Paschi di

   Siena S.p.A. (Line 2)

 

 

1,542

 

 

 

2,037

 

 

June 2023

 

 

1.50

%

 

 

1.50

%

 

 

1.50

%

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

 

 

705

 

 

 

1,056

 

 

June 2023

 

Euribor 3 months + 2.00%

 

 

 

2.00

%

 

 

2.00

%

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

 

 

5,572

 

 

 

6,355

 

 

September 2024

 

Euribor 3 months + 3.00%

 

 

 

2.46

%

 

 

2.46

%

Simest 1

 

 

242

 

 

 

307

 

 

December 2023

 

 

0.50

%

 

 

0.50

%

 

 

0.50

%

Simest 2

 

 

240

 

 

 

305

 

 

December 2023

 

 

0.50

%

 

 

0.50

%

 

 

0.50

%

Simest 3

 

 

441

 

 

 

560

 

 

December 2023

 

 

0.50

%

 

 

0.50

%

 

 

0.50

%

Simest 4

 

 

1,245

 

 

 

 

 

April 2027

 

 

0.50

%

 

 

0.50

%

 

 

 

Banco Popolare Società Cooperativa

 

 

19

 

 

 

 

 

December 2021

 

Euribor 3 months + 1.85%

 

 

 

1.85

%

 

 

 

Total bank and other borrowings

 

 

37,029

 

 

 

42,772

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less: current portion

 

 

10,455

 

 

 

10,798

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total long-term portion

 

$

26,574

 

 

$

31,974

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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