Quarterly report pursuant to Section 13 or 15(d)

Bank and Other Borrowings (Tables)

v3.22.2
Bank and Other Borrowings (Tables)
6 Months Ended
Jun. 30, 2022
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

June 30,

 

 

As of

December 31,

 

 

 

 

Interest Contractual Rate

 

 

As of

June 30,

 

 

As of

December 31,

 

 

 

2022

 

 

2021

 

 

Maturity

 

as of June 30, 2022

 

 

2022

 

 

2021

 

UniCredit S.p.A.

   (Line A Tranche 1)

 

$

1,534

 

 

$

2,330

 

 

July 2023

 

Euribor 3 months + 3.10%

 

 

 

2.80

%

 

 

2.80

%

UniCredit S.p.A.

   (Line A Tranche 2)

 

 

78

 

 

 

113

 

 

November 2023

 

Euribor 3 months + 3.10%

 

 

 

2.80

%

 

 

2.80

%

UniCredit S.p.A. (Line B)

 

 

1,723

 

 

 

2,337

 

 

May 2024

 

Euribor 3 months + 2.90%

 

 

 

2.60

%

 

 

2.60

%

UniCredit S.p.A. (Line C)

 

 

1,217

 

 

 

1,833

 

 

August 2023

 

Euribor 3 months + 3.90%

 

 

 

3.71

%

 

 

3.33

%

Intesa Sanpaolo S.p.A.

   (Line 1)

 

 

 

 

 

290

 

 

April 2022

 

Euribor 3 months + 2.30%

 

 

 

2.11

%

 

 

1.73

%

Intesa Sanpaolo S.p.A.

   (Line 2)

 

 

2,135

 

 

 

2,872

 

 

April 2024

 

Euribor 3 months + 3.10%

 

 

 

2.91

%

 

 

2.53

%

Intesa Sanpaolo S.p.A.

   (Line 3)

 

 

8,256

 

 

 

8,961

 

 

June 2026

 

Euribor 3 months + 2.15%

 

 

 

1.96

%

 

 

1.58

%

Intesa Sanpaolo S.p.A.

   (Line 4)

 

 

4,914

 

 

 

5,927

 

 

July 2026

 

Euribor 3 months + 2.20%

 

 

 

2.01

%

 

 

1.63

%

Monte dei Paschi di

   Siena S.p.A. (Line 1)

 

 

 

 

 

76

 

 

April 2022

 

 

0.95

%

 

 

0.95

%

 

 

0.95

%

Monte dei Paschi di

   Siena S.p.A. (Line 2)

 

 

696

 

 

 

1,132

 

 

June 2023

 

 

1.50

%

 

 

1.50

%

 

 

1.50

%

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

 

 

367

 

 

 

593

 

 

June 2023

 

Euribor 3 months + 2.00%

 

 

 

2.00

%

 

 

2.00

%

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

 

 

3,802

 

 

 

5,014

 

 

September 2024

 

Euribor 3 months + 3.00%

 

 

 

2.81

%

 

 

2.43

%

Simest 1

 

 

174

 

 

 

189

 

 

December 2023

 

 

0.50

%

 

 

0.50

%

 

 

0.50

%

Simest 2

 

 

173

 

 

 

188

 

 

December 2023

 

 

0.50

%

 

 

0.50

%

 

 

0.50

%

Simest 3

 

 

318

 

 

 

345

 

 

December 2023

 

 

0.50

%

 

 

0.50

%

 

 

0.50

%

Simest 4

 

 

1,122

 

 

 

1,218

 

 

April 2027

 

 

0.50

%

 

 

0.50

%

 

 

0.50

%

Total bank and other borrowings

 

 

26,509

 

 

 

33,418

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less: current portion

 

 

10,581

 

 

 

10,508

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total long-term portion

 

$

15,928

 

 

$

22,910

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Payments Obliged

As of June 30, 2022, the Company is obliged to make payments as follows (in thousands):

 

 

 

As of

June 30, 2022

 

2022 (remaining six months)

 

$

5,334

 

2023

 

 

9,522

 

2024

 

 

5,776

 

2025

 

 

3,523

 

2026

 

 

2,214

 

2027 and thereafter

 

 

140

 

Total

 

$

26,509