| Summary of Long-term Debt Instruments |
The following table summarizes long term debt outstanding as of December 31, 2024 and 2023:
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Secured Notes |
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June Secured Debentures |
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Additional Secured Debentures |
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June Unsecured Debentures |
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Other |
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Total |
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As of January 1, 2024 |
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$ |
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15,565 |
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$ |
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101,856 |
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$ |
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28,247 |
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$ |
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18,856 |
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$ |
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752 |
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$ |
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165,276 |
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Carrying value of financial
liabilities issued |
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14,345 |
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— |
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— |
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— |
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— |
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14,345 |
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Paid-in-kind interest |
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239 |
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9,449 |
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2,368 |
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1,895 |
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— |
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13,951 |
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Accretion of balance |
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632 |
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2,993 |
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— |
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999 |
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— |
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4,624 |
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Debt extinguishment |
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(15,813 |
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— |
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— |
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— |
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— |
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(15,813 |
) |
Repayment |
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— |
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— |
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— |
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— |
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(56 |
) |
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(56 |
) |
As of December 31, 2024 |
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$ |
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14,968 |
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$ |
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114,298 |
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$ |
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30,615 |
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$ |
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21,750 |
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$ |
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696 |
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$ |
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182,327 |
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Secured Notes |
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June Secured Debentures |
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Additional Secured Debentures |
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June Unsecured Debentures |
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Other |
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Total |
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As of January 1, 2023 |
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$ |
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13,852 |
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$ |
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90,273 |
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$ |
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26,067 |
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$ |
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16,175 |
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$ |
|
945 |
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$ |
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147,312 |
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Carrying value of financial
liabilities issued |
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13,786 |
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— |
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— |
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— |
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— |
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13,786 |
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Paid-in-kind interest |
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1,689 |
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8,695 |
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2,180 |
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1,743 |
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— |
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14,307 |
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Accretion of balance |
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124 |
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2,888 |
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— |
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938 |
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— |
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3,950 |
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Debt extinguishment |
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(13,886 |
) |
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— |
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— |
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— |
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— |
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(13,886 |
) |
Deconsolidation |
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— |
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— |
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— |
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— |
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(144 |
) |
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(144 |
) |
Repayment |
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— |
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— |
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— |
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— |
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(49 |
) |
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(49 |
) |
As of December 31, 2023 |
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$ |
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15,565 |
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$ |
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101,856 |
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$ |
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28,247 |
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$ |
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18,856 |
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$ |
|
752 |
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$ |
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165,276 |
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As of December 31, 2024, the total and unamortized debt discount costs were $21.9 million and $11.4 million, respectively (December 31, 2023— $20.4 million and $14.6 million, respectively).
As of December 31, 2024, total interest paid on long-term debt was $1.5 million (December 31, 2023 - $0.1 million).
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