Quarterly report pursuant to Section 13 or 15(d)

Debt and Other Financing (Tables)

v3.21.2
Debt and Other Financing (Tables)
 9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Debt The carrying value of the Company’s outstanding debt, inclusive of debt instruments reported at fair value, consisted of the following amounts:
September 30, December 31,
2021 2020
(in thousands)
Current portion of long-term debt $ —  $ 16,798 
Non-current portion of long-term debt 81,237  86,637 
Total long-term debt 81,237  103,435 
Unamortized debt issuance cost (3,215) (1,827)
Outstanding balance $ 78,022  $ 101,608 
September 30, December 31,
Name of Loan Effective Interest Rate 2021 2020
(in thousand)
Loans from related parties
4.00% - 6.00%
 $ 81,237  $ 83,737 
Small Business Administration Loan (Paycheck Protection Program) 1.86  % —  3,600 
Line of credit 3.65  % —  16,098 
Total $ 81,237  $ 103,435 
Schedule of Debt Conversions
The following table summarizes the additional shares of Legacy BlackSky class A common stock and warrants to purchase Legacy BlackSky class A common stock issued as a result of the Bridge Notes.
Legacy BlackSky Class A Common Stock(1)
Legacy BlackSky Class A Common Stock Warrants(1)
(in thousands)
Issued to SVB guarantors 8,485  — 
Issued in connection with the initial tranche of Bridge Notes 11,544  3,873 
Issued as incentive shares and as incentive warrants, in connection with the Rights Offering 314  51 
Total 20,343  3,924 
1.Issuance of class A common stock and class A common stock has been retroactively restated to give effect to the reverse recapitalization.