| Schedule of credit facilities |
The following table summarizes the activity relating to deferred financing costs and discounts under the Credit Facility:
| | | | | | | | | | | | | | | | | | | | | | | | | | | Deferred Financing Costs | | Discount | | | | | | Term Loan | Revolver | Total | | Term Loan | | Total | | | | Credit facility fees | $ | 6,626,000 | | 3,353,000 | | $ | 9,979,000 | | | $ | 7,486,000 | | | $ | 17,465,000 | | | | Term loan proceeds allocated to lender
warrants | — | | — | | — | | | 3,011,000 | | | 3,011,000 | | | | Term loan proceeds allocated to
embedded derivative | — | | — | | — | | | 3,116,000 | | | 3,116,000 | | | | | Amendment fees | — | | 975,000 | | 975,000 | | | 9,326,000 | | | 10,301,000 | | | | Write-off due to prepayments and
reduced commitments | (1,788,000) | | (1,707,000) | | (3,495,000) | | | (5,482,000) | | | (8,977,000) | | | | | Amortization | (1,315,000) | | (714,000) | | (2,029,000) | | | (3,653,000) | | | (5,682,000) | | | | Balance at July 31, 2025 | $ | 3,523,000 | | 1,907,000 | | $ | 5,430,000 | | | $ | 13,804,000 | | | $ | 19,234,000 | | | | | Amendment fees | — | | 190,000 | | 190,000 | | | 580,000 | | | 770,000 | | | | Write-off due to voluntary
prepayment | (128,000) | | — | | (128,000) | | | (530,000) | | | (658,000) | | | | | Amortization | (1,232,000) | | (643,000) | | (1,875,000) | | | (4,906,000) | | | (6,781,000) | | | | Balance at July 31, 2026 | $ | 2,163,000 | | 1,454,000 | | $ | 3,617,000 | | | $ | 8,948,000 | | | $ | 12,565,000 | | | |
The amount outstanding under our Credit Facility was as follows: | | | | | | | | | | | | | July 31, 2026 | | July 31, 2025 | | Current Portion: | | | | | Term loan | $ | 85,347,000 | | | 4,050,000 | | | Less: Unamortized deferred financing costs related to term loan | 1,701,000 | | | — | | | Less: Unamortized discount related to term loan | 7,037,000 | | | — | | | Current portion of term loan, net | $ | 76,609,000 | | | 4,050,000 | | | | | | | Non-current Portion: | | | | | Term loan | $ | 23,172,000 | | | 112,210,000 | | | Less: Unamortized deferred financing costs related to term loan | 462,000 | | | 3,523,000 | | | Less: Unamortized discount related to term loan | 1,911,000 | | | 13,804,000 | | | Non-current portion of term loan, net | 20,799,000 | | | 94,883,000 | | | Revolving loan | — | | | 17,641,000 | | | Embedded derivative related to Credit Facility | 601,000 | | | 1,890,000 | | | Non-current portion of Credit Facility, net | $ | 21,400,000 | | | 114,414,000 | | | | | | | | | |
The following table reconciles the amount outstanding under the Subordinated Credit Facility to its net carrying value: | | | | | | | | | | | | | | | July 31, 2026 | | July 31, 2025 | | | | Current Portion: | | | | | | | Subordinated Credit Facility | $ | 42,987,000 | | | — | | | | | Less: Unamortized deferred financing costs | 124,000 | | | — | | | | | Less: Unamortized discount | 1,424,000 | | | — | | | | | Plus: Accretion of Make-Whole Amount | 2,969,000 | | | — | | | | | Current portion of Subordinated Credit Facility, net | $ | 44,408,000 | | | — | | | | | | | | | | | Non-current Portion: | | | | | | | Subordinated Credit Facility | $ | 59,062,000 | | | 100,144,000 | | | | | Less: Unamortized deferred financing costs | 1,065,000 | | | 1,528,000 | | | | | Less: Unamortized discount | 12,174,000 | | | 15,404,000 | | | | | Plus: Accretion of Make-Whole Amount | 17,097,000 | | | 6,623,000 | | | | | Non-current portion of Subordinated Credit Facility, net -subtotal | 62,920,000 | | | 89,835,000 | | | | | Embedded derivative related to redemption features | — | | | 5,753,000 | | | | | Non-current portion of Subordinated Credit Facility, net | $ | 62,920,000 | | | 95,588,000 | | | | | | | | | | | | | | | |
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