Company: ACIW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000935036-25-000019
Chunk: 79

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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 require the Company to maintain, as of the end of any fiscal quarter, (i) a consolidated total net leverage ratio of less than or equal to 4.25 to 1.00, (ii) a consolidated senior secured net leverage ratio of less than or equal to 3.75 to 1.00, and (iii) a minimum consolidated interest coverage ratio of greater than or equal to 3.00 to 1.00, in each case subject to certain exclusions as set forth in the Credit Agreement.The Credit Agreement also contains certain customary affirmative covenants and events of default. If an event of default, as specified in the Credit Agreement, shall occur and be continuing, the Company may be required to repay all amounts outstanding under the Credit Facilities.Senior NotesOn August 21, 2018, the Company completed a $400.0 million offering of the 2026 Notes at an issue price of 100% of the principal amount in a private placement for resale to qualified institutional buyers. The 2026 Notes bore interest at an annual rate of 5.750%, payable semi-annually in arrears on February 15 and August 15 of each year, which commenced on February 15, 2019. The 2026 Notes were scheduled to mature on August 15, 2026.On June 18, 2025, the Company redeemed the 2026 Notes in full as provided for under the terms.Maturities on debt outstanding as of June 30, 2025, are as follows (in thousands):Fiscal Year Ending December 31,Remainder of 2025$21,250 202642,500 202742,500 202845,000 2029752,500 Thereafter— Total$903,750 As of June 30, 2025, and at all times during the period, the Company was in compliance with its financial debt covenants.

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Total debt is comprised of the following (in thousands):June 30, 2025December 31, 2024Term loans$643,750 $462,500 Revolving credit facility260,000 70,000 5.750% Senior notes, due August 2026— 400,000 Debt issuance costs(5,729)(7,923)Total debt898,021 924,577 Less: current portion of term loans42,500 37,500