Related Party Disclosures

12 Months Ended

Dec. 31, 2021

On October 1, 2018, the Company entered into the Investment Agreement with the Purchaser relating to the issuance to the Purchaser of $150,000 aggregate principal amount of the Notes. In connection with the investment, Vikram S. Pandit, Chairman and CEO of The Orogen Group LLC (an affiliate of the Purchaser), was appointed to Company’s Board of Directors. The Company settled the Notes on August 27, 2021. Refer to Note 17 - Borrowings to the consolidated financial statements for further details.

The principal amount outstanding for the Notes was $150,000 as of December 31, 2020, and interest accrued of $1,313 as of December 31, 2020, related to the Investment Agreement.

The following transactions with the Purchaser were recognized by the Company in connection with the Notes:


	Year ended December 31
	2021		2020		2019
Repayment of Notes in cash	$	200,000	$	—	$	—
Issuance of shares of the Company's common stock	$	36,742	$	—	$	—
Interest expense on the Notes	$	3,442	$	5,250	$	5,206