Long-Term Debt (Tables)

3 Months Ended

Apr. 30, 2022

Schedule of debt

Debt consisted of the following (in thousands):

	Successor		Successor
	April 30, 2022		January 31, 2022
Term Loan - current portion	$	6,404	$	4,800
Term Loan - mandatory prepayment from SumTotal sale		31,391		—
Current maturities of long-term debt	$	37,795	$	4,800
Term Loan - long-term portion		599,404		474,000
Less: Original Issue Discount - long-term portion		(9,294)		(6,724)
Less: Deferred Financing Costs - long-term portion		(5,038)		(5,091)
Long-term debt	$	585,072	$	462,185

Schedule of maturities of long term debt

The Company’s debt outstanding as of April 30, 2022 matures as shown below (in thousands):

Fiscal year ended January 31:
2023	$	36,194
2024		6,404
2025		6,404
2026		6,404
2027		6,404
Thereafter		575,389
Total payments		637,199
Less: Current portion		(37,795)
Less: Unamortized original issue discount and issuance costs		(14,332)
Long-term portion	$	585,072