XML 73 R24.htm IDEA: XBRL DOCUMENT v3.19.3
Credit Facilities (Tables)
9 Months Ended
Sep. 30, 2019
Line of Credit Facility [Abstract]  
Schedule of Long-term Debt
Long-term debt consisted of the following:
 
September 30,
2019
 
December 31,
2018
Term loan facility
$
165,845

 
$
161,622

Revolving loan facility

 

Convertible notes
73,164

 
84,500

Other debt
4,281

 
4,281

Debt discounts and deferred financing costs
(66,297
)
 
(52,325
)
Long-term debt, including current portion
176,993

 
198,078

Less current portion

 

Long-term debt
$
176,993

 
$
198,078

Summary of Warrants Issued
In connection with the execution of the Original Facility Agreement and the Restated Facility Agreement, the Company issued warrants to Deerfield (the “Original 2017 Deerfield Warrants” and the “Original 2018 Deerfield Warrants,” respectively). In connection with entry into the Second Facility Amendment, the Company amended the Original 2017 Deerfield Warrants and the Original 2018 Deerfield Warrants in order to reduce the exercise price (as amended, the “2017 Deerfield Warrants” and the “2018 Deerfield Warrants”; collectively, the “Deerfield Warrants”) as summarized below:
 
Number of shares of common stock
 
Previous Exercise Price
 
Amended Exercise price
2017 Deerfield Warrants
647,001

 
$
92.30

 
$
6.61

2018 Deerfield Warrants
875,001

 
$
47.10

 
$
6.61

Principal Maturities of Long-term Debt
The aggregate principal maturities of long-term debt as of September 30, 2019 are as follows:
 
Term loan facility
 
Convertible notes
 
Other debt
 
Total
Year ending December 31,
 
 
 
 
 
 
 
2019
$

 
$

 
$

 
$

2020

 
11,145

 

 
11,145

2021
20,595

 

 

 
20,595

2022
72,625

 

 

 
72,625

2023
72,625

 

 
4,281

 
76,906

2024


62,019




62,019

 
$
165,845

 
$
73,164

 
$
4,281

 
$
243,290