Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.22.2.2
Long-Term Debt (Tables)
6 Months Ended
Jul. 31, 2022
Long-Term Debt  
Schedule of debt

Debt consisted of the following (in thousands):

    

Successor

Successor

July 31, 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

597,803

474,000

Less: Original Issue Discount - long-term portion

 

(8,962)

(6,724)

Less: Deferred Financing Costs - long-term portion

 

(4,866)

(5,091)

Long-term debt

$

583,975

$

462,185

Schedule of maturities of long term debt

The Company’s debt outstanding as of July 31, 2022 matures as shown below (in thousands):

Fiscal year ended January 31:

    

  

2023 (exclude six months ended July 31, 2022)

$

34,593

2024

 

6,404

2025

6,404

2026

6,404

2027

 

6,404

Thereafter

 

575,389

Total payments

 

635,598

Less: Current portion

 

(37,795)

Less: Unamortized original issue discount and issuance costs

 

(13,828)

Long-term portion

$

583,975