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Borrowings (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Summary of Carrying Amount of Principal Borrowings

Carrying amount of principal borrowings consist of the following (in thousands):

		March 31, 2021				December 31, 2020
Senior convertible notes		$	222,855			$	—
MidCap credit facility			49,406				49,335
Mann Group promissory notes			53,453				63,027
PPP loan			4,873				4,873
2024 convertible notes			—				5,000
Total debt — net carrying amount		$	330,587			$	122,235

Schedule of Line of Credit Facility Debt and Key Terms

The following table provides a summary of the Company’s debt and key terms as of March 31, 2021:

Amount Due

Terms

March 31, 2021

December 31, 2020

Annual Interest Rate

Maturity Date

Conversion Price

Senior convertible notes

$230.0 million

$

—

2.50%

March 2026

$5.21 per share

MidCap credit facility(1)

$50.0 million

$50.0 million

one-month LIBOR (2% floor) plus 6.75%

August 2024

N/A

Mann Group convertible note

$18.4 million (plus $0.5 million accrued interest paid-in-kind)

$28.0 million (plus $0.6 million accrued interest paid-in-kind)

7.00%

November 2024

$2.50 per share

Mann Group non-convertible   note(2)

$35.1 million (plus $4.3 million accrued interest paid-in-kind)

$35.1 million (plus $3.6 million accrued interest paid-in-kind)

7.00%

November 2024

N/A

PPP loan

$4.9 million

$4.9 million

0.98%

April 2022

N/A

2024 convertible notes(3)

$

—

$5.0 million

5.75%

November 2024

$3.00 per share

____________________

(1) Subsequent to March 31, 2021, $10.0 million of the outstanding principal amount was repaid.

(2) Subsequent to March 31, 2021, $35.1 million of the outstanding principal amount was repaid, together with all accrued and unpaid interest.

(3) In February 2021, the $5.0 million principal balance was converted into 1,666,667 shares of the Company’s common stock.

Schedule of Maturities of Our Borrowings

The maturities of our borrowings as of March 31, 2021 are as follows (in thousands):

		Amounts
2021		$	4,061
2022			9,145
2023			25,000
2024			70,142
Thereafter			230,000
Total principal payments			338,348
Unamortized discount			(594	)
Unamortized debt issuance costs			(7,167	)
Total debt — net carrying amount		$	330,587

Schedule of Accretion of Debt Discount and Amortization of Debt Issuance Costs

Accretion of debt discount and amortization of debt issuance costs related to all borrowings for the three months ended March 31, 2021 and 2020 are as follows (in thousands):

		Three Months Ended March 31,
		2021				2020
Accretion of debt discount		$	60			$	89
Amortization of debt issuance cost			(124	)			(27	)

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