Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 55

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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 related to these fees.

15

Financing Fees, Premiums and Interest Expense The Company capitalized financing fees and premiums related to the Term Loan and Revolver issued. These financing fees and premiums were recorded as an offset to the aggregate debt balances and are being amortized over the respective loan terms.Total interest expense related to the debt instruments for the three months ended June 30, 2025 and 2024, was $32 million and $54 million, respectively. Total interest expense related to the debt instruments for the six months ended June 30, 2025 and 2024 was $64 million and $109 million, respectively. Interest expense is recorded in Interest expense in the Condensed Consolidated Statements of Comprehensive Income (Loss) and is net of interest rate swap derivative gains recognized. Principal PaymentsAggregate remaining contractual principal payments as of June 30, 2025 are as follows (in millions):2025 (July - December)$10 202620 202720 20281,970 Total payments$2,020 

9. Stockholders' EquityPreferred StockAs of June 30, 2025, 1,000,000 preferred shares, par value $0.0001 per share, were authorized and no preferred shares were issued and outstanding.Class A Common StockAs of June 30, 2025, 528,773,552 shares of Class A Common Stock were outstanding. On July 2, 2024, all remaining shares of the previously unvested Class A Common Stock became fully vested. Holders of shares of Class A Common Stock are entitled to one vote per share, and together with the holders of shares of Class B Common Stock, will participate ratably in any dividends declared by the Company’s Board of Directors.Class B Common StockUpon the Closing Date of the Business Combination, certain equity holders of Alight Holdings received earnouts (the "Seller Earnouts") that resulted in the issuance of a total of 14,999,998 Class B instruments to the equity holders of the Predecessor. The equity holders of the Predecessor that exchanged their Predecessor Class A units for shares of Class A Common Stock in the Business Combination received shares of Class B Common Stock, and the equity holders of the Predecessor that continue to hold Class A units of Alight Holdings (“Continuing Unit holders”) received Class B common units of Alight Holdings.The Class B Common Stock and Class B common units are not entitled to a vote and accrue dividends equal to amounts declared