As per 8K filed after the close today, debt outstanding is now $8 million on a revolving loan facility plus $27 million on a term loan facility for a total of $35 million. That is up from $31.4 million at the end of Q2.
I believe SLTM also has an additional contingent consideration payment due on Oct 1.
" The company drew down $27 million from the first tranche of the term loan facility on August 30, 2013 and the proceeds were used to pay the Lender all outstanding principal and accrued and unpaid interest amounts due from the Company to the Lender under the Loan and Security Agreement,"
No, I didn't miss that. Otherwise, I would have said that they had $62 million of outstanding debt. What I said was that SLTM now has $35 million of total outstanding debt which is up up about $3.6 million from the end of Q2. That is an about an 11% increase in total debt outstanding.