Company: PBH
Filing Date: 2025-05-09
Form Type: 10-K
Source: 0001295947-25-000017
Chunk: 83

Company: Prestige Consumer Healthcare Inc.
Filing Date: 2025-05-09
Form: 10-K
Item: Item 7
Chunk 83
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 fixed charge ratios.  Specifically, we must:

•Have a fixed charge ratio of greater than 1.0 to 1.0 (defined as, with certain adjustments, the ratio of our consolidated EBITDA minus capital expenditures to our trailing twelve months consolidated interest paid, taxes paid and other specified payments).  Our fixed charge requirement remains level throughout the term of the agreement.

At March 31, 2025, we were in compliance with the applicable financial and restrictive covenants under the credit agreement governing the 2012 ABL Revolver and the indentures governing the 2021 Senior Notes and the 2019 Senior Notes.  Additionally, management anticipates that in the normal course of operations, we will continue to be in compliance with the financial and restrictive covenants during fiscal 2026.  

Commitments

As of March 31, 2025, we had ongoing commitments under various contractual and commercial obligations as follows: 

  Payments Due by Period(In millions) Less than1 to 34 to 5After 5Contractual ObligationsTotal1 YearYearsYearsYearsLong-term debt$1,000.0 $— $400.0 $— $600.0 Interest on long-term debt (1)195.7 43.7 84.0 45.5 22.5 Purchase obligations: Inventory costs (2)191.5 182.5 7.4 1.6 — Other costs (3)38.7 29.7 5.4 3.4 0.2 Operating leases28.8 5.9 11.9 10.0 1.0 Finance leases23.1 2.5 5.5 5.7 9.4 Total contractual cash obligations (4)$1,477.8 $264.3 $514.2 $66.2 $633.1 

(1)Represents the estimated interest obligations on the outstanding balances at March 31, 2025 of the 2021 Senior Notes, 2019 Senior Notes and 2012 ABL Revolver, assuming scheduled principal payments (based on the terms of the loan agreements). We estimate our future obligations for interest on our variable rate debt, made up of interest on the unused portion of our ABL, by assuming the weighted average interest rate in effect on the variable rate debt