Better Choice Company Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

Debt (Tables)

3 Months Ended

Mar. 31, 2021

The components of the Company’s debt consist of the following (in thousands):


Dollars in thousands	March 31, 2021					December 31, 2020
	Amount		Rate		Maturity Date	Amount		Rate		Maturity Date
Term loan, net	$	5,847	(1)		1/6/2024	$	7,826	(2)		1/15/2021
Line of credit, net	4,781		(1)		1/6/2024	5,023		(3)		7/5/2022
November 2019 notes payable, net (November 2019 Notes)	2,927		10.00	%	6/30/2023	2,830		10.00	%	6/30/2023
December 2019 senior notes payable, net (Senior Seller Notes)	10,679		10.00	%	6/30/2023	10,332		10.00	%	6/30/2023
December 2019 junior notes payable, net (Junior Seller Notes)	5,153		10.00	%	6/30/2023	4,973		10.00	%	6/30/2023
ABG Notes	702		10.00	%	6/30/2023	687		10.00	%	6/30/2023
June 2020 notes payable, net (June 2020 Notes)	148		10.00	%	6/30/2023	88		10.00	%	6/30/2023
Halo PPP Loan	431		1.00	%	5/3/2022	431		1.00	%	5/3/2022
TruPet PPP Loan	421		0.98	%	4/6/2022	421		0.98	%	4/6/2022
Total debt	31,089					32,611
Less current portion	943					8,016
Total long term debt	$	30,146				$	24,595

(1)Interest at a variable rate of LIBOR plus 250 basis points with an interest rate floor of 2.50% per annum

(2)Interest at Bank of Montreal Prime plus 8.05%

(3)Interest at a variable rate of LIBOR plus 250 basis points with an interest rate floor of 3.25% per annum

- 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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+ Details