Company: MDXG
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001376339-25-000009
Chunk: 28

Company: MIMEDX GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 28
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as defined above) during that period, therefore representing the current obligation that was not refinanced on a long-term basis. This amount is classified as current portion of long term debt in the Company’s consolidated balance sheets.

As noted above, the Hayfin Loan Agreement was terminated as a result of the Debt Refinancing Transactions. There were no continuing obligations as part of the Hayfin Loan Agreement as of December 31, 2024.

The balances of the Term Loan Facility as of December 31, 2024 and the Hayfin Term Loan as of December 31, 2023 were as follows (amounts in thousands):December 31, 2024December 31, 2023Current portion of long term debtLong term debt, netCurrent portion of long term debtLong term debt, netOutstanding principal$1,000 $18,000 $1,000 $49,000 Deferred financing costs— (33)— (781)Original issue discount— (137)— (120)Total$1,000 $17,830 $1,000 $48,099 Interest expense related to the Term Loan Facility and the Hayfin Term Loan included in interest expense, net in the consolidated statements of operations, was as follows (amounts in thousands):Year Ended December 31,202420232022Stated interest$1,797 $6,078 $4,559 Amortization of deferred financing costs47 438 405 Accretion of original issue discount91 67 62 Interest expense$1,935 $6,583 $5,026 

F- 22

Interest expense related to the Revolving Credit Facility included in interest expense, net in the consolidated statements of operations, was as follows (amounts in thousands):Year Ended December 31,2024Commitment fee$178 Amortization of deferred financing costs63 Accretion of original issue discount168 Interest expense$409 Scheduled principal payments due on the Term Loan Facility, by year, as of December 31, 2024 through maturity are as follows (in thousands):Year ending December 31,Principal2025$1,000 20261,500 20271,500 20282,000 202913,000 Thereafter— Long term debt$19,000 As of December 31, 2024, the fair value of the Term Loan Facility was $18.