Anuvu Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Financing Arrangements (Tables)

Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2018

The following table sets forth the summary of the Company’s outstanding indebtedness (in thousands):



	December 31,
	2018			2017
Senior secured term loan facility, due January 2023(+)	478,125			490,625
Senior secured revolving credit facility, due January 2022(+)(1)	54,015			78,000
2.75% convertible senior notes, due February 2035(2)	82,500			82,500
Second lien notes, due 2023(3)	158,450			—
Other debt	1,707			9,075
Unamortized bond discounts, fair value adjustments and issue costs, net	(65,186		)	(41,136		)
Total carrying value of debt	709,611			619,064
Less: current portion, net	(22,673		)	(20,106		)
Total non-current	$	686,938		$	598,958

⁽⁺⁾This facility is a component of the 2017 Credit Agreement.

⁽¹⁾ In the second quarter of 2018, the Company used a portion of the proceeds of the issuance of its Second Lien Notes to repay the then full outstanding $78 million principal balance on its 2017 Revolving Loans. Subsequently, during the third and fourth quarters of 2018, the Company borrowed approximately $54.0 million on the facility. The Company expects to draw on the 2017 Revolving Loans from time to time to fund its working capital needs and for other general corporate purposes.

⁽²⁾ The principal amount outstanding of the Convertible Notes as set forth in the foregoing table was $82.5 million as of December 31, 2018, and are not the carrying amounts of this indebtedness (i.e., outstanding principal amount net of debt issuance costs and discount associated with the equity component). The carrying amount was $70.4 million and $69.7 million as of December 31, 2018 and 2017, respectively.

⁽³⁾ The principal amount outstanding of the Second Lien Notes as set forth in the foregoing table was $158.5 million as of December 31, 2018, and is not the carrying amount of the indebtedness (i.e. outstanding principal amount net of debt issuance costs and discount associated with the equity component and includes approximately $8.5 million of PIK interest converted to principal during the year ended December 31, 2018). The value allocated to the attached penny warrants and market warrants for financial reporting purposes was $14.9 million and $9.3 million, respectively. These qualify for classification in stockholders’ equity and are included in the Consolidated Balance Sheets within “Additional paid-in capital”.

Schedule of Maturities of Long-term Debt

The aggregate contractual maturities of all borrowings due subsequent to December 31, 2018, are as follows (in thousands):



Year Ending December 31,	Amount
2019	$	22,673
2020	25,375
2021	25,042
2022	79,057
2023	539,743
Thereafter	82,907
Total	$	774,797