Kaleyra, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Bank and Other Borrowings (Tables)

Bank and Other Borrowings (Tables)

3 Months Ended

Mar. 31, 2020

Bank And Other Borrowings [Abstract]

Summary of Long-term Bank and Other Borrowings

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,
	2020		2019		Maturity	Contractual Rate			2020			2019
UniCredit S.p.A. (Line A Tranche (1)	$	3,219	$	3,609	January 2023	Euribor 3 months + 3.10%				2.80	%		2.80	%
UniCredit S.p.A. (Line A Tranche (2)		151		167	May 2023	Euribor 3 months + 3.10%				2.80	%		2.80	%
UniCredit S.p.A. (Line B)		2,941		3,229	November 2023	Euribor 3 months + 2.90%				2.60	%		2.60	%
UniCredit S.p.A. (Line C)		2,497		2,787	February 2023	Euribor 3 months + 3.90%				3.53	%		3.53	%
Intesa Sanpaolo S.p.A. (Line 1)		834		988	October 2021	Euribor 3 months + 1.80%				1.88	%		1.88	%
Intesa Sanpaolo S.p.A. (Line 2)		3,841		4,183	October 2023	Euribor 3 months + 2.60%				2.60	%		2.60	%
UBI Banca S.p.A. (Line 1)		257		332	February 2021		1.25	%		1.25	%		1.25	%
UBI Banca S.p.A. (Line 2)		1,198		1,499	April 2021	Euribor 3 months +1.95%				1.55	%		1.55	%
Monte dei Paschi di Siena S.p.A. (Line 1)		457		521	April 2022		0.95	%		0.95	%		0.95	%
Monte dei Paschi di Siena S.p.A. (Line 2)		2,190		—	June 2023		1.50	%		1.50	%		—
Banco Popolare di Milano S.p.A. (Line 1)		1,312		1,336	June 2023	Euribor 3 months + 2.00%				2.00	%		2.00	%
Banco Popolare di Milano S.p.A. (Line 2)		—		3,893	September 2022	Euribor 3 months + 2.00%				—			2.00	%
Banco Popolare di Milano S.p.A. (Line 3)		6,517		—	March 2024	Euribor 3 months + 3.00%				2.16	%		—
Simest 1		275		280	December 2022		0.50	%		0.50	%		0.50	%
Simest 2		273		279	December 2022		0.50	%		0.50	%		0.50	%
Simest 3		503		512	December 2022		0.50	%		0.50	%		0.50	%
Finlombarda S.p.A.		81		83	December 2020		0.50	%		0.50	%		0.50	%
Total bank and other borrowings		26,546		23,698
Less: current portion		5,925		7,564
Total long-term portion	$	20,621	$	16,134

Summary of Payments Obliged

As of March 31, 2020, the Company is obliged to make payments as follows (in thousands):

	As of March 31, 2020
2020 (remaining nine months)	$	3,784
2021		9,330
2022		7,637
2023		5,339
2024		456
Total	$	26,546

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details