Company: UFPT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001171843-25-003049
Chunk: 107

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 107
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			182,750

			Current portion

			(12,500
			)

			Long-term debt, excluding current portion

			$
			170,250

28

Future maturities of long-term debt at March 31, 2025 are as follows (in thousands):

			Term Loan

			Revolving credit facility

			Total

			Remainder of 2025

			$
			9,375

			$
			-

			$
			9,375

			2026

			12,500

			-

			12,500

			2027

			12,500

			-

			12,500

			2028

			12,500

			-

			12,500

			2029

			71,875

			64,000

			135,875

			$
			118,750

			$
			64,000

			$
			182,750

Future Liquidity 

The Company requires cash to pay its operating expenses, purchase capital equipment, and to service its contractual obligations. The Company’s principal sources of funds are its operations and its Third Amended and Restated Credit Agreement. The Company generated cash of approximately $13.8 million from operations during the three-month period ended March 31, 2025. The Company cannot guarantee that its operations will generate cash in future periods. The Company’s longer-term liquidity is contingent upon future operating performance and availability of draws on its revolving credit facility. Further, the economic uncertainty resulting from events including inflation, tariffs, bank failures, and other factors beyond the control of the Company could affect the Company’s long-term ability to access the public markets and obtain necessary capital in order to properly capitalize and continue operations.

The Company plans to continue to add capacity to enhance operating efficiencies in its manufacturing plants and accommodate anticipated growth in demand. The Company may consider additional acquisitions of companies, technologies, or products that are complementary to its business. The Company believes that its existing resources, including its revolving credit facility, together with cash expected to be generated from operations, will be sufficient to fund its cash flow requirements, including capital expenditures, through the next twelve months.

The Company may also require additional capital in the future to fund capital expenditures, acquisitions, or other investments. These capital requirements could be substantial. The Company anticipates that any future expansion of its business