Company: ICUI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000883984-25-000030
Chunk: 77

Company: ICU MEDICAL INC/DE
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 77
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 the most recently completed four fiscal quarters. The minimum Interest Coverage ratio is 3.00 to 1.00.We were in compliance with all financial covenants as of June 30, 2025.The Credit Agreement contains customary events of default, including, among others: non-payments of principal and interest; breach of representations and warranties; covenant defaults; cross-defaults and cross-acceleration to certain other material indebtedness; the existence of bankruptcy or insolvency proceedings; certain events under ERISA; material judgments; and a change of control. If an event of default occurs and is not cured within any applicable grace period or is not waived, the administrative agent and the Lenders are entitled to take various actions, including, without limitation, the acceleration of all amounts due and the termination of commitments under the Senior Secured Credit Facilities.The carrying values of our long-term debt consist of the following (in thousands):Effective Interest RateAs of June 30, 2025Effective Interest RateAs of December 31, 2024Senior Secured Credit Facilities:Term Loan A — principal7.16 %$559,688 8.03 %$770,313 Term Loan B — principal7.50 %789,500 8.38 %826,625 Revolving Credit Facility — principal— %— — %— Less unamortized debt issuance costs(1)(11,457)(14,080)Total carrying value of long-term debt1,337,731 1,582,858 Less current portion of long-term debt— 51,000 Long-term debt, net$1,337,731 $1,531,858 _______________________________(1)    Comprised of $4.4 million and $7.0 million relating to the Term Loan A and the Term Loan B, respectively, as of June 30, 2025. Comprised of $6.1 million and $8.0 million relating to the Term Loan A and the Term Loan B, respectively, as of December 31, 2024.As of June 30, 2025, the aggregate amount of principal repayments of our long-term debt (including any current portion) for each of the next five years and thereafter is approximately (in thousands):Remainder of 2025$— 2026— 2027559,688 2028— 2029789,500 2030