XML 40 R29.htm IDEA: XBRL DOCUMENT
v3.22.1

Borrowings (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Debt Disclosure [Abstract] |
Summary of Carrying Amount of Principal Borrowings | Carrying amount of borrowings consist of the following (in thousands):
|  | March 31, 2022 |  |  | December 31, 2021 |
Senior convertible notes |  | $ | 224,307 |  |  | $ | 223,944 |
MidCap credit facility |  |  | 38,939 |  |  |  | 38,833 |
Mann Group promissory notes |  |  | 18,425 |  |  |  | 18,425 |
Total debt — net carrying amount |  | $ | 281,671 |  |  | $ | 281,202 |
Schedule of Line of Credit Facility Debt and Key Terms | The following table provides a summary of the Company’s debt and key terms:
|  | Amount Due |  | Terms
|  | March 31, 2022 |  | December 31, 2021 |  | Annual Interest Rate |  |  |  |  | Maturity Date |  |  |  | Conversion Price
Senior convertible notes |  | $230.0 million |  | $230.0 million |  | 2.50% |  |  |  |  | March 2026 |  |  |  | $5.21 per share
MidCap credit facility(1) |  | $40.0 million |  | $40.0 million |  | one-month LIBOR (1% floor) plus 6.25% |  |  | (1 | ) | August 2025 |  | (1 | ) | N/A
Mann Group convertible note |  | $18.4 million (plus $0.5 million accrued interest paid-in-kind) |  | $18.4 million (plus $0.4 million accrued interest paid-in-kind) |  | 2.50% |  |  | (2 | ) | December 2025 |  | (2 | ) | $2.50 per share
______________________________________________
(1) | In April 2021, the Company prepaid $10.0 million principal balance and amended the MidCap credit facility. The interest rate prior to the amendment was one-month LIBOR (2% floor) plus 6.75% and the maturity date was in August 2024.
(2) | In April 2021, the Mann Group convertible note was amended. The interest rate prior to the amendment was 7.00% and the maturity date was in November 2024.
Schedule of Maturities of Our Borrowings | The maturities of the Company’s borrowings as of March 31, 2022 are as follows (in thousands):
|  | Amounts |
2022 |  | $ | — |
2023 |  |  | 6,667 |
2024 |  |  | 20,000 |
2025 |  |  | 31,758 |
Thereafter |  |  | 230,000 |
Total principal payments |  |  | 288,425 |
Unamortized discount |  |  | (1,061 | )
Debt issuance costs |  |  | (5,693 | )
Total debt — net carrying amount |  | $ | 281,671 |
Schedule of Amortization of Debt Premium and Accretion of Debt Discount and Debt Issuance Cost | Amortization of debt discount and debt issuance cost related to all borrowings for the three months ended March 31, 2022 and 2021 were as follows (in thousands):
|  | Three Months Ended March 31, |
|  | 2022 |  |  | 2021 |
Amortization of debt discount |  | $ | 106 |  |  | $ | 60 |
Amortization of debt issuance cost |  |  | 363 |  |  |  | 124 |

X
- Definition Schedule of amortization of debt issuance cost and debt discount. + References No definition available. + Details
Name: | mnkd_ScheduleOfAmortizationOfDebtIssuanceCostAndDebtDiscountTableTextBlock
Namespace Prefix: | mnkd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration