Long-Term Debt

12 Months Ended

Dec. 31, 2022

Long-Term Debt

Long-Term Debt

14. Long-Term Debt

In March 2019, the Company entered into a loan and security agreement, as amended, with Generate Lending, LLC, providing for a secured term loan facility in the amount of $100 million (the “Term Loan Facility”). In December 2022, the Company fully repaid the outstanding balance of the Term Loan Facility, which resulted in a recording of a loss on the extinguishment of debt of $1.0 million on the consolidated statement of operations.

In June 2020, the Company acquired debt as part of the acquisition of United Hydrogen Group Inc. The outstanding carrying value of the debt is $9.0 million as of December 31, 2022. The outstanding principal on the debt is

$11.4 million and the unamortized debt discount is $2.4 million, bearing varying interest rates ranging from 2.2% to 8.3%, and is scheduled to mature in 2026. As of December 31, 2022, the principal balance is due at each of the following dates is the following (in thousands):

December 31, 2023	$	5,960
December 31, 2024		3,357
December 31, 2025		1,200
December 31, 2026		900
	$	11,417