Debt consisted of the following (in thousands):
|
|
|
December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
East West Bank Loan |
|
$ |
12,614 |
|
|
$ |
2,866 |
|
|
Danske Bank Credit Facility |
|
|
7,376 |
|
|
|
— |
|
|
FastPartner Subordinated Promissory Notes |
|
|
1,692 |
|
|
|
— |
|
|
Al Amoudi Subordinated Promissory Notes |
|
|
1,164 |
|
|
|
— |
|
|
Current portion of long-term debt |
|
$ |
22,846 |
|
|
$ |
2,866 |
|
|
|
|
|
|
|
|
|
|
|
|
East West Bank Loan |
|
$ |
— |
|
|
$ |
12,887 |
|
|
SSP Primers Loan |
|
|
1,098 |
|
|
|
— |
|
|
Long-term debt, net of current portion |
|
$ |
1,098 |
|
|
$ |
12,887 |
|
As of December 31, 2016, future debt maturities were as follows (in thousands):
|
Years Ending December 31, |
|
Amount |
|
|
2017 |
|
$ |
23,032 |
|
|
2018 |
|
|
1,098 |
|
|
Total debt maturities |
|
|
24,130 |
|
|
Less: debt discount and issuance costs |
|
|
(186 |
) |
|
Total debt maturities, net of debt discount and
issuance costs |
|
|
23,944 |
|
|
Less: current portion, of long-term debt |
|
|
(22,846 |
) |
|
Long-term debt, net carrying value |
|
$ |
1,098 |
|
|