Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 24

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 24
---
7,934  
     27,718 
  
    Total debt 
     10,707  
     30,344 
  
    Less current maturities 
     (10,707) 
     (28,715)
  
    Long term debt, net of current maturities 
    $-  
    $1,629 

    Current Maturities 
    $10,707  
    $28,715 
  
    Debt discount 
     343  
     (1,239)
  
    Less net loss on issuance of convertible note & warrant 
     -  
     520 
  
    Movement in fair value 
     (732) 
     (632)
  
    Current Maturities net of debt discount 
    $10,318  
    $27,364 

    Long-term maturities 
    $-  
    $1,629 
  
    Less long-term debt discount 
     -  
     - 
  
    Long-term maturities net of debt discount 
    $-  
    $1,629 

The Company’s remaining
debt is recorded net of debt issuance costs of $0.3 million and $1.2 million as of June 30, 2025 and December 31, 2024, respectively.
Debt issuance costs are recorded as a debt discount and amortized to interest expense over the life of the debt, upon the close of the
related debt transaction, in the Consolidated Balance Sheet. Interest expense stemming from amortization of debt discounts for continuing
operations for the six months ended June 30, 2025 and 2024 was $1.8 million and $1.3 million, respectively.

There was no interest expense
stemming from amortization of debt discounts for discontinued operations for the six month periods ended June 30, 2025 and 2024, respectively.

Senior secured debt:

In May 2022, AEG MH02 entered
into a loan agreement with a group of private lenders of approximately $10.8 million with an initial stated interest rate of 8% and a
maturity date of May 31, 2023. In February 2023, the loan agreement was amended stating a new interest rate of 16% retroactive to the
date of the first draw in June 2022. In May 2023, the loan was extended, and the interest