Long-Term Debt

3 Months Ended

Sep. 30, 2020

Long-Term Debt

Long-Term Debt

Note 10. Long-Term Debt

Long-term debt, net consisted of the following:

	September 30,		June 30,
(In thousands)	2020		2020
Term Loan A due 2020; 6.00% as of September 30, 2020	$	41,969	$	48,844
Unamortized discount and other debt issuance costs		(97)		(433)
Term Loan A, net		41,872		48,411
Term Loan B due 2022; 6.38% as of September 30, 2020		563,021		572,857
Unamortized discount and other debt issuance costs		(20,573)		(23,278)
Term Loan B, net		542,448		549,579
4.50% Convertible Senior Notes due 2026		86,250		86,250
Unamortized discount and other debt issuance costs		(2,986)		(3,111)
4.50% Convertible Senior Notes, net		83,264		83,139
$125 million Revolving Credit Facility due 2020		—		—
Total debt, net		667,584		681,129
Less short-term borrowings and current portion of long-term debt		(81,314)		(88,189)
Total long-term debt, net	$	586,270	$	592,940

The weighted average interest rate for the three months ended September 30, 2020 and 2019 was 8.0% and 8.8%, respectively. The outstanding balance of the Term Loan A of $42.0 million is due on November 25, 2020, which the Company anticipates paying down with cash on hand. The $125 million Revolving Credit Facility, which is undrawn as of September 30, 2020, is also due to expire on November 25, 2020.

Long-term debt amounts due, for the twelve-month periods ending September 30 are as follows:

	Amounts Payable
(In thousands)	to Institutions
2021	$	81,314
2022		39,345
2023		484,331
2024		—
2025		—
Thereafter		86,250
Total	$	691,240

The outstanding Term Loan A, Term Loan B and Revolving Credit Facility amounts above are guaranteed by all of Lannett’s significant wholly-owned domestic subsidiaries and are collateralized by substantially all present and future assets of the Company.