ForgeRock, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

Debt (Tables)

3 Months Ended

Mar. 31, 2023

The following table presents total debt outstanding (in thousands, except interest rates):


	March 31, 2023				December 31, 2022
	Amount		Interest Rate		Amount		Interest Rate
$10.0 million March 2019	$	10,000	8.00	%	$	10,000	8.00	%
$10.0 million September 2019	10,000		8.00	%	10,000		8.00	%
$10.0 million December 2021	10,000		8.00	%	10,000		8.00	%
$10.0 million March 2020	10,000		8.00	%	10,000		8.00	%

Less: debt discount	(357)				(389)
Total debt, net of debt discount	39,643				39,611
Less: current portion	—				—
Total long-term debt	$	39,643			$	39,611

Schedule of Future Principal Payments

Future principal payments on outstanding borrowings as of March 31, 2023 are as follows:


Years ending:
2023 (9 months remaining)	$	—
2024	—
2025	—
2026	—
2025	30,000
2026	10,000
Total	$	40,000

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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