Kore Results Presentation Deck
Summary of Refinancing Transaction
Investment Structure
Shares / Warrants Issued in Transaction
% Dilution to Current Owners
Pro-Forma Capital Structure
Debt
First Lien Debt
Existing Convertible Notes
Pre/Post Transaction Total Debt Balance
Q3'23 TTM Adjusted EBITDA
First Lien Debt / Q3'23 TTM Adjusted EBITDA
Total Debt / Q3'23 TTM Adjusted EBITDA
Stockholders' Equity
New Preferred Equity
Common Stock $0.0001 Par Value
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Total Stockholders' Equity
Pro-Forma Cash Interest and Preferred Dividend Expense
Annual Interest Expense on Debt
Annual Dividend Payr
on Preferred Equity
Total Annual Interest Expense and Preferred Dividend Payment
Less PIK Interest on Preferred Equity
Total Annual Cash Interest Expense and Preferred Dividend
¹Includes 86.7 million shares (9/30/2023) and 14.7 million RSUS/PSUs outstanding
KORE
Pre-Transaction Capital Structure
$300.2M First Lien Term Loan at SOFR +550bps
101.4
0.0%
$300.0
120.0
$420
$57.2
5.2x
7.3x
0.0
459.0
(6.4)
(381.6)
$71.1
$42.0
$42.0
$42.0
Post-Transaction Capital Structure
$185M First Lien Term Loan at SOFR +650bps
$150M Preferred Equity, 13% Coupon (Cash or PIK)
101.4
11.8
10.4%
$185.0
120.0
$305
$57.2
3.2x
5.3x
$150.0
0.0
459.0
(6.4)
(381.6)
$221.1
$28.4
19.5
$47.9
($19.5)
$28.4
© 2023 KORE 9
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