Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.21.2
Debt (Tables)
 3 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes borrowings under the Company's debt obligations and the associated interest rates:
June 30, 2021
Balance Interest Rate Unused Line Fee
Revolver (subject to variable rate) $ 237,134  1.91  % 0.20  %
Fyber - Billfront $ 3,834  11.00  % —  %
Fyber - Discount Bank (subject to variable rate) $ 4,092  5.95  % 0.60  %
Fyber - Bank Leumi (subject to variable rate) $ 12,489  5.95  % 1.00  %
Debt obligations on the condensed consolidated balance sheets consist of the following:
June 30, 2021 March 31, 2021
(Unaudited)
Revolver $ 237,134  $ 15,000 
Less: Debt issuance costs (3,304) (443)
Debt assumed through Fyber Acquisition 20,415  — 
Total debt, net 254,245  14,557 
Less: Current portion of debt (20,415) (14,557)
Non-current debt $ 233,830  $ — 
Interest income / (expense), net, amortization of debt issuance costs, and unused line of credit fees were recorded in interest and other income / (expense), net, on the condensed consolidated statements of operations and comprehensive income as follows:
Three months ended June 30,
2021 2020
Interest income / (expense), net $ (919) $ (288)
Amortization of debt issuance costs (132) (16)
Unused line of credit fees and other (106) (2)
Total interest income / (expense), net $ (1,157) $ (306)