Company: ACIW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000935036-25-000019
Chunk: 33

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 Deferral of revenue62,708 Recognition of deferred revenue(70,348)Foreign currency translation2,540 Balance, June 30, 2025$89,623 Revenue allocated to remaining performance obligations represents contracted revenue that will be recognized in future periods, which is comprised of deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. This does not include:•Revenue that will be recognized in future periods from capacity overages that are accounted for as a usage-based royalty.•SaaS and PaaS revenue from variable consideration that will be recognized in accordance with the ‘right to invoice’ practical expedient or meets the allocation objective.Revenue allocated to remaining performance obligations was $724.0 million as of June 30, 2025, of which the Company expects to recognize approximately 52% over the next 12 months and the remainder thereafter.

During the three and six months ended June 30, 2025, revenue recognized by the Company from performance obligations satisfied in previous periods was $15.8 million and $35.4 million, respectively. 

3. Debt 

As of June 30, 2025, the Company had $260.0 million and $643.8 million outstanding under its Revolving Credit Facility and Term Loans, respectively, with up to $338.1 million of unused borrowings under the Revolving Credit Facility portion of the Credit Agreement, as amended, and up to $1.9 million of unused borrowings under Letter of Credit agreements. The amount of unused borrowings actually available varies in accordance with the terms of the agreement.Credit AgreementOn February 26, 2024, ACI Worldwide, Inc. (the “Company”) entered into a Refinance Amendment (the “Amendment”) to the Second Amended and Restated Credit Agreement, dated as of April 5, 2019 (as amended, restated, supplemented or otherwise modified from time to time, including by the Amendment, the “Credit Agreement”) among the Company, the subsidiary borrowers from time to time party thereto, the lenders from time to time party thereto, Bank of America, N.A., as administrative agent and a lender, BofA Securities, Inc., PNC Capital Markets LLC, Wells Fargo Securities, LLC, and TD Securities (USA) LLC, as Joint Lead Arrangers and Joint Bookrunners, and the other financial institutions party thereto.The Amendment (i) provides a senior secured term loan facility (the “Term Loan Facility”)