TILT Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

Notes Payable (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of notes payable and debt issuance costs

Notes payable and debt issuance costs are as follows:


Notes Payable	June 30, 2022		December 31, 2021
Taunton Financing Liability– Interest rate of 12.8% per annum, due on May 15, 2042	$	39,681	$	—
Asset-based Revolving Facility – Interest rate of 8.25% as of June 30, 2022, due on July 21, 2023		9,908		9,575
Senior Notes – Interest rate of 8.0% per annum, due on November 4, 2022		35,700		33,830
Junior Notes – Interest rate of 8.0% per annum, due on April 1, 2023		44,691		43,697
Other loans and borrowings		350		350
Total debt		130,330		87,452
Less: Debt issuance costs		(221)		(839)
Total debt, net	$	130,109	$	86,613

_____________

(1)

The Asset-based Revolving Facility initially matures on July 21, 2023 and automatically renews for successive one-year terms unless terminated by the Company or the lender.

Schedule of future maturities

Future maturities of all notes payable as of June 30, 2022 are as follows:


Year ended December 31,	Amount
Remainder of 2022	$	43,990
2023		46,088
2024 and thereafter		40,031
Total	$	130,109

- 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.

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+ Details