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Debt (Tables) - GREENLIGHT BIOSCIENCES HOLDINGS, PBC [Member]

3 Months Ended

Mar. 31, 2022

A summary of the outstanding debt as of March 31, 2022 is as follows:


AS OF MARCH 31, 2022
DESCRIPTION	ISSUANCE DATE(S)	MATURITY DATE(S)	STATED INTEREST RATE			PRINCIPAL BALANCE OUTSTANDING		UNAMORTIZED DEBT DISCOUNT			DEBT BALANCE
Trinity Equipment Financing	March 2021 - August 2021	March 2024 - August 2024	9.48% - 9.73%			$	8,598	$	(223	)	$	8,375
Term Loan – Silicon Valley Bank	September 2021	September 2024		3.50	%		10,000		(193	)		9,807
Term Loan – Horizon	December 2021	May 2025		9.00	%		15,000		(479	)		14,521
Capital lease							832		—			832
Total Debt							34,430		(895	)		33,535
Less: Current Portion												(9,849	)
Total Long-Term											$	23,686

A summary of the outstanding debt as of December 31, 2021 is as follows:


AS OF DECEMBER 31, 2021
DESCRIPTION	ISSUANCE DATE(S)	MATURITY DATE(S)	STATED INTEREST RATE			PRINCIPAL BALANCE OUTSTANDING		UNAMORTIZED DEBT DISCOUNT			DEBT BALANCE
Trinity equipment financing	March 2021 - August 2021	March 2024 - August 2024	9.48% - 9.73%			$	9,454	$	(252	)	$	9,202
Term loan - Silicon Valley Bank	September 2021	September 2024		3.50	%		10,000		(225	)		9,775
Term loan - Horizon	December 2021	May 2025		9.00	%		15,000		(582	)		14,418
Capital lease							992		-			992
Total Debt							35,446		(1,060	)		34,386
Less: Current Portion												(7,234	)
Total Long-Term												27,152
Convertible notes - PIPE Investors	December 2021	December 2022		0.33	%		13,500		0			13,500
Convertible notes (a)	April & May 2020	April & May 2022		5.00	%		18,213		(22	)		18,191
							31,713		(22	)		31,691
Total debt and convertible notes						$	67,159	$	(1,082	)	$	66,077

As of December 31, 2021 and March 31, 2022, the Company’s debt liability included $16.8 million and $0, respectively, of convertible notes issued by GLPRI in 2020, as well as the associated accrued interest liability of $1.4 million and $0, respectively.

Summary of Interest Expense

The following summarizes the components of total interest expense:


	MARCH 31, 2022		MARCH 31, 2021
Interest paid or accrued	$	804	$	101
Non-cash amortization of debt discount and deferred financing cost		224		210
Total	$	1,028	$	311

Scheduled Future Principal Payments on Total Outstanding Debt

Scheduled future principal payments on total outstanding debt, as of March 31, 2022 are as follows:


	MARCH 31, 2022
Remainder of 2022	$	6,706
2023		14,438
2024		10,786
2025 and thereafter		2,500
Total	$	34,430