BIOLASE, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

Debt (Tables)

9 Months Ended

Sep. 30, 2020

Summary of Principal Outstanding and Unamortized Discount

The following table presents the details of the principal outstanding and unamortized discount (in thousands):

	September 30,			December 31,
	2020			2019
Term loan	$	14,300		$	15,000
Discount and debt issuance costs on term loan		(1,354	)		(1,534	)
Total current loans	$	12,946		$	13,466

Non current term loans	$	3,140		$	—
Total non current term loans	$	3,140		$	—

Summary of Future Minimum Principal and Interest Payments

The future minimum principal and interest payments as of September 30, 2020 are as follows (in thousands):

	Principal		Interest⁽¹⁾
2020 (three months)		—		461
2021		—		1,807
2022		5,094		1,746
2023		2,800		1,390
2024		9,409		1,866
2025 and thereafter		137		122
Total future payments	$	17,440	$	7,392

(1) estimated using LIBOR rates as at September 30, 2020

- 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.

+ References

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+ Details