Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 74

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 74
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 September 30, 2025.The following table presents minimum future rental payments under the Company’s leases as of September 30, 2025 and their reconciliation to the corresponding lease liabilities: Maturity Analysis(dollars in thousands)2025$14,474 202670,773 202763,036 202854,421 202949,038 Thereafter83,156 Total334,898 Less: Present value discount(50,584)Lease liability$284,314 

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8. DebtThe following tables present the Company’s indebtedness as reported on the Unaudited Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024:September 30, 2025December 31, 2024(dollars in thousands)Credit Agreement$438,326 $264,000 5.625% Notes1,100,000 1,100,000 Debt issuance costs(12,035)(10,376)Total long-term debt$1,526,291 $1,353,624 Interest expense related to long-term debt included in Interest expense, net on the Unaudited Consolidated Statements of Operations for the three and nine months ended September 30, 2025 was $24.8 million and $71.2 million, respectively, and for the three and nine months ended September 30, 2024 was $24.4 million and $67.9 million, respectively.The amortization of debt issuance costs included in Interest expense, net on the Unaudited Consolidated Statements of Operations for the three and nine months ended September 30, 2025 was $0.7 million and $2.1 million, respectively, and for the three and nine months ended September 30, 2024 was $0.7 million and $2.1 million, respectively.Revolving Credit AgreementThe Company is party to a senior secured revolving credit facility with a five-year maturity with a syndicate of banks (the “Credit Agreement”). On April 23, 2025, the Company entered into the Second Amended and Restated Credit Agreement, which increased the limit of borrowing from $640 million to $750 million and extended the maturity date from August 3, 2026 to April 30, 2030. The Company recorded deferred financing cost related to the amendment of $3.6 million, which was included in Long-term debt on the Un