Company: UTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001628280-25-047281
Chunk: 45

Company: Utz Brands, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 $1.5 million and $0.1 million for the thirty-nine weeks ended September 28, 2025 and September 29, 2024, respectively.Fair ValueThe following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis based upon the level within the fair value hierarchy in which the fair value measurements fall, as of September 28, 2025:(in millions)Level 1Level 2Level 3TotalAssets:Cash and cash equivalents$57.7 $— $— $57.7 Commodity contracts— 0.1 — 0.1 Interest rate swaps— 1.9 — 1.9 Total assets$57.7 $2.0 $— $59.7 Liabilities:Commodity contracts$— $0.7 $— $0.7 Interest rate swaps— 1.7 — 1.7 Debt— 850.7 — 850.7 Total liabilities$— $853.1 $— $853.1 The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis based upon the level within the fair value hierarchy in which the fair value measurements fall, as of December 29, 2024:(in millions)Level 1Level 2Level 3TotalAssets:Cash and cash equivalents$56.1 $— $— $56.1 Commodity contracts— 0.1 — 0.1 Interest rate swaps— 25.0 — 25.0 Total assets$56.1 $25.1 $— $81.2 Liabilities:Commodity contracts$— $1.4 $— $1.4 Warrants— 33.0 — 33.0 Debt— 768.6 — 768.6 Total liabilities$— $803.0 $— $803.0 

11.CONTINGENCIES

Litigation MattersWhile the Company is involved in litigation and other matters incidental to the conduct of its business, the results of such matters, in the opinion of management, are not likely to be material to the Company’s financial condition, results of operations or cash flows.GuaranteesThe Company partially guarantees loans made to IOs by Bank of America for