Quarterly report pursuant to Section 13 or 15(d)

Bank and Other Borrowings (Tables)

v3.20.2
Bank and Other Borrowings (Tables)
9 Months Ended
Sep. 30, 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

September 30,

 

 

As of

December 31,

 

 

 

 

Interest

 

 

As of

September 30,

 

 

As of

December 31,

 

 

 

2020

 

 

2019

 

 

Maturity

 

Contractual Rate

 

 

2020

 

 

2019

 

UniCredit S.p.A.

   (Line A Tranche (1)

 

$

3,435

 

 

$

3,609

 

 

January 2023

 

Euribor 3 months + 3.10%

 

 

 

2.80

%

 

 

2.80

%

UniCredit S.p.A.

   (Line A Tranche (2)

 

 

161

 

 

 

167

 

 

May 2023

 

Euribor 3 months + 3.10%

 

 

 

2.80

%

 

 

2.80

%

UniCredit S.p.A. (Line B)

 

 

3,137

 

 

 

3,229

 

 

November 2023

 

Euribor 3 months + 2.90%

 

 

 

2.60

%

 

 

2.60

%

UniCredit S.p.A. (Line C)

 

 

2,665

 

 

 

2,787

 

 

February 2023

 

Euribor 3 months + 3.90%

 

 

 

3.40

%

 

 

3.53

%

Intesa Sanpaolo S.p.A.

   (Line 1)

 

 

889

 

 

 

988

 

 

April 2022

 

Euribor 3 months + 1.80%

 

 

 

1.30

%

 

 

1.88

%

Intesa Sanpaolo S.p.A.

   (Line 2)

 

 

4,102

 

 

 

4,183

 

 

April 2024

 

Euribor 3 months + 2.60%

 

 

 

2.10

%

 

 

2.60

%

Intesa Sanpaolo S.p.A.

   (Line 3)

 

 

9,263

 

 

 

 

 

June 2026

 

Euribor 3 months + 1.65%

 

 

 

1.15

%

 

 

 

Intesa Sanpaolo S.p.A.

   (Line 4)

 

 

6,437

 

 

 

 

 

July 2026

 

Euribor 3 months + 1.70%

 

 

 

1.20

%

 

 

 

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

 

 

274

 

 

 

332

 

 

August 2021

 

Euribor 3 months + 1.25%

 

 

 

1.25

%

 

 

1.25

%

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

 

 

1,279

 

 

 

1,499

 

 

October 2021

 

Euribor 3 months +1.95%

 

 

 

1.45

%

 

 

1.55

%

Monte dei Paschi di

   Siena S.p.A. (Line 1)

 

 

372

 

 

 

521

 

 

April 2022

 

 

0.95

%

 

 

0.95

%

 

 

0.95

%

Monte dei Paschi di

   Siena S.p.A. (Line 2)

 

 

2,337

 

 

 

 

 

June 2023

 

 

1.50

%

 

 

1.50

%

 

 

 

Banco Popolare di Milano

   S.p.A. (Line 1)

 

 

1,107

 

 

 

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%

 

 

 

2.50

%

 

 

 

Simest 1

 

 

293

 

 

 

280

 

 

December 2023

 

 

0.50

%

 

 

0.50

%

 

 

0.50

%

Simest 2

 

 

291

 

 

 

279

 

 

December 2023

 

 

0.50

%

 

 

0.50

%

 

 

0.50

%

Simest 3

 

 

535

 

 

 

512

 

 

December 2023

 

 

0.50

%

 

 

0.50

%

 

 

0.50

%

Finlombarda S.p.A.

 

 

43

 

 

 

83

 

 

December 2020

 

 

0.50

%

 

 

0.50

%

 

 

0.50

%

Total bank and other borrowings

 

 

43,137

 

 

 

23,698

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less: current portion

 

 

9,675

 

 

 

7,564

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total long-term portion

 

$

33,462

 

 

$

16,134

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Payments Obliged

As of September 30, 2020, the Company is obliged to make payments as follows (in thousands):

 

 

 

As of September 30, 2020

 

2020 (remaining three months)

 

$

2,247

 

2021

 

 

10,245

 

2022

 

 

10,866

 

2023

 

 

9,298

 

2024

 

 

4,706

 

2025 and thereafter

 

 

5,775

 

Total

 

$

43,137