Kore Investor Presentation Deck slide image

Kore Investor Presentation Deck

Summary of Refinancing Transaction (in Millions) Investment Structure Total Common Shares Outstanding¹ 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 New Preferred Equity Pro-Forma Cash Interest and Preferred Dividend Expense Annual Interest Expense on Debt Annual Dividend Payment on Preferred Equity Total Annual Interest Expense and Preferred Dividend Payment Less PIK Interest on Preferred Equity Total Required Annual Cash Interest Expense and Preferred Dividend 1. Includes 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 $420.0 $57.2 5.2x 7.3x $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 $305.0 $57.2 3.2x 5.3x $150.0 $28.4 19.5 $47.9 ($19.5) $28.4 18
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