Company: PRGO
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585364-25-000014
Chunk: 235

Company: PERRIGO Co plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 235
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3.900%December 15, 2024$— $400.0 4.375%March 15, 2026— 700.0 4.900%June 15, 2030(2)750.0 750.0 *5.375%September 30, 2032(3)362.4 — 6.125%September 30, 2032(3)715.0 — 5.300%November 15, 204390.5 90.5 4.900%December 15, 2044303.9 303.9 Total notes and bonds2,221.8 2,244.4 Other financing13.2 14.8 Unamortized premium (discount), net(23.1)(17.8)Deferred financing fees(22.9)(26.1)Total borrowings outstanding3,618.1 4,073.4 Current indebtedness(36.4)(440.6)Total long-term debt less current portion$3,581.7 $3,632.8 (1)    Discussed below collectively as the "Senior Secured Credit Facilities"(2)    The coupon rate noted above is as of December 31, 2024. This increased from 4.650% to 4.900% on payments starting after June 15, 2024, following a credit rating downgrade by S&P Global Ratings in the first quarter of 2024. Future interest rate adjustments are subject to a 2.0% total cap above the original 3.150% interest rate which would result in an interest rate not to exceed 5.150% based on certain rating events as specified in the Note’s Supplemental Indenture No. 3, dated as of June 19, 2020, among Perrigo Finance Unlimited Company, Perrigo Company plc, the guarantors party thereto and Wells Fargo Bank, National Association, as trustee.(3)    Discussed below collectively as the "2032 Notes".* Debt denominated in euros subject to fluctuations in the euro-to-U.S. dollar exchange rate.Revolving Credit Agreements There were no borrowings outstanding under the $1.0 billion revolving credit agreement (the “Revolver”) as of December 31, 2024 or December 31, 2023.Term LoansTerm Loan A Facility and