Long-Term Debt and Credit Facilities (Tables)

6 Months Ended

Jun. 30, 2024

Long-Term Debt and Credit Facilities

Schedule of outstanding long-term debt instruments

	June 30,		December 31,
	2024		2023
Other (a)	$	36,428	$	21,101
Secured borrowings under BR Exar AR Facility (b)		5,022		—
Senior secured term loan maturing January 14, 2026 (c)		37,919		37,921
July 2026 Notes maturing July 15, 2026 (d)		22,985		22,788
April 2026 Notes maturing April 15, 2026 (e)		929,791		931,293
Secured borrowings under BRCC Facility matured on June 10, 2023		7,896		19,898
Second lien note maturing June 17, 2025 (f)		28,934		27,608
Total debt		1,068,975		1,060,609
Less: Current portion of long-term debt		(53,723)		(30,029)
Long-term debt, net of current maturities	$	1,015,252	$	1,030,580

(a) Other debt represents outstanding loan balances associated with various hardware and software purchases, and maintenance and leasehold improvements, along with other loans and receivables factoring arrangements entered into by subsidiaries of the Company. Other debt includes $28.9 million and $12.8 million of outstanding balances under certain revolving credit facilities of XBP Europe as of June 30, 2024 and December 31, 2023, respectively, and $3.3 million and $3.8 million of outstanding term loans of XBP Europe as of June 30, 2024 and December 31, 2023, respectively.

(b) Net of unamortized net original issue discount of $0.5 million and less than $0.1 million of debt issuance as of June 30, 2024.

(c) Net of unamortized debt issuance costs of $2.1 million as of June 30, 2024 and unamortized debt issuance costs of $1.6 million as of December 31, 2023.

(d) Net of unamortized net original issue discount of $0.8 million and debt issuance costs of $0.2 million as of June 30, 2024; and unamortized net original issue discount of $0.9 million and debt issuance costs of $0.2 million as of December 31, 2023.

(e) Inclusive of unamortized net debt exchange premium of $94.6 million and $119.4 million as of June 30, 2024 and December 31, 2023, respectively.

(f) Net of unamortized debt issuance costs of $2.6 million and $3.9 million as of June 30, 2024 and December 31, 2023, respectively.