TILT Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

Notes Payable (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of notes payable and debt issuance costs

Notes payable and debt issuance costs are as follows:


Notes Payable	September 30, 2022		December 31, 2021
Asset-based Revolving Facility – Interest rate of 9.75% as of September 30, 2022, due on July 21, 2023 ⁽¹⁾	$	7,204		9,719
2019 Senior Notes – Interest rate of 8.0% per annum, due on November 1, 2022		17,883		34,057
Junior Notes – Interest rate of 8.0% per annum, due on April 1, 2023		45,585		42,956
Other loans and borrowings		350		350
Total debt		71,022		87,082
Less: Debt issuance costs		(75)		(469)
Total debt, net	$	70,947	$	86,613

_____________

(1)

The Asset-based Revolving Facility initially matures on July 21, 2023 and automatically renews for successive one-year terms unless terminated by the Company or the lender.

Schedule of future maturities

Future maturities of all notes payable as of September 30, 2022 are as follows:


Year ended December 31,	Amount
Remainder of 2022	$	27,214
2023		43,383
2024 and thereafter		350
Total	$	70,947

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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