Skillsoft Corporation Current report filing

Current report filing

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details
Uncategorized

Long-Term Debt - Term loan (Details)

v3.22.2.2

Long-Term Debt - Term loan (Details) - USD ($) $ in Thousands			3 Months Ended		4 Months Ended	5 Months Ended	7 Months Ended	8 Months Ended	12 Months Ended
	Jul. 16, 2021	Aug. 27, 2020	Jan. 31, 2022	Apr. 30, 2020	Jun. 11, 2021	Jan. 31, 2021	Aug. 27, 2020	Jan. 31, 2022	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2020
Debt Instrument [Line Items]
Original issuance costs	$ 7,200		$ 6,724					$ 6,724	$ 6,724
Unamortized deferred financing costs			5,091					5,091	$ 5,091
Net proceeds								464,290
Third party costs								3,100
Repayments of debt					$ 1,300			$ 605,591			$ 6,641
Financial Designation, Predecessor and Successor [Fixed List]				Predecessor	Predecessor	Predecessor	Predecessor	Successor	Successor	Predecessor	Predecessor
LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)									7.50%
Exit Credit Facility.
Debt Instrument [Line Items]
Principal repayments	608,700
Interest payment	5,000
Exit Credit Facility. \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		7.50%
Term Loan
Debt Instrument [Line Items]
Principal amount	$ 480,000
Principal repayments			$ 1,200
Percentage of prepayment premium	2.00%
Period of voluntary prepayment	12 months
Original issuance costs	$ 7,200
Unamortized deferred financing costs	5,400
Net proceeds	$ 467,300
Term Loan \| Eurocurrency
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	4.75%
Term Loan \| LIBOR
Debt Instrument [Line Items]
Floor rate	0.75%
Basis spread on variable rate (as a percent)	1.00%
Interest rate	1.75%
Stated spread on interest rate	3.75%
Term Loan \| Federal Funds Effective Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	0.50%

- Definition

The floor rate under debt instrument arrangement.

+ References

No definition available.

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- Definition

Period before which if the debt instrument is voluntarily prepaid the company has to pay prepayment premium.

+ References

No definition available.

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- Definition

The percentage of prepayment premium under the debt instrument.

+ References

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- Definition

Percentage of stated spread on interest rate of the debt instrument.

+ References

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- Definition

The amount of third party costs incurred during the period.

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No definition available.

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- Definition

Percentage points added to the reference rate to compute the variable rate on the debt instrument.

+ References

No definition available.

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- Definition

Face (par) amount of debt instrument at time of issuance.

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- Definition

Contractual interest rate for funds borrowed, under the debt agreement.

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

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- Definition

Amount of the required periodic payments applied to interest.

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Amount of the required periodic payments applied to principal.

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- Definition

Amount of debt discount to be amortized after one year or the normal operating cycle, if longer.

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- Definition

Amount, after accumulated amortization, of debt issuance costs classified as noncurrent. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs.

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Indicates designation of financial information when substantially all business or separately identifiable line of business transfers from one entity to another entity. Acceptable values are "Predecessor" and "Successor".

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- Definition

The cash inflow from amounts received from issuance of long-term debt that is wholly or partially secured by collateral. Excludes proceeds from tax exempt secured debt.

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The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer.

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