Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.23.3
Debt (Tables)
 9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of debt

The Company’s debt as of September 30, 2023 and December 31, 2022 is presented below:

 

 

 

September 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Monroe Term Loans

 

$

75,000

 

 

$

90,000

 

Unamortized discounts and debt issuance costs

 

 

(743

)

 

 

(1,383

)

Total secured loans, net

 

$

74,257

 

 

$

88,617

 

 

 

 

 

 

 

ROAR 1 SPV Credit Facility

 

$

63,000

 

 

$

83,000

 

ROAR 2 SPV Credit Facility

 

 

59,000

 

 

 

63,000

 

Unamortized discounts and debt issuance costs

 

 

(1,837

)

 

 

(2,606

)

Total other debt, net

 

$

120,163

 

 

$

143,394

 

 

For more information regarding debt instruments outstanding as of December 31, 2022, see Note 9, “Debt” in Part II, Item 8 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.

 

The Monroe Term Loans (as defined below) are comprised of term loans with a principal balance of $70.0 million (the "Term A-1 Loans") and term loans with a principal balance of $5.0 million (the "Term A-2 Loans" and together with the Term A-1 Loans, the "Monroe Term Loans"). The interest rate as of September 30, 2023 on the Term A-1 Loans and Term A-2 Loans was 14.75% and 14.25%, respectively.