Company: THRM
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000950170-25-057994
Chunk: 10

Company: Gentherm Inc
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 3
Chunk 10
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 associated with derivatives are reported in net cash from operating activities in the consolidated condensed statements of cash flows.

Information related to the fair values of all derivative instruments in the consolidated condensed balance sheet as of March 31, 2025 is set forth in Note 10, “Financial Instruments” in the consolidated condensed financial statements included in this Report. 

Interest Rate Sensitivity

The table below presents principal cash flows and related weighted average interest rates by expected maturity dates for each of the Company’s debt obligations, excluding finance leases. The information is presented in U.S. dollar equivalents, which is the Company’s reporting currency. 

     Expected Maturity Date

     2025

     2026

     2027

     2028

     2029

     2030

     Total

     Fair Value

     Liabilities

     Long-Term Debt:

     Variable rate
      
     $
     —

     $
     —

     $
     262,000

     $
     —

     $
     —

     $
     —

     $
     262,000

     $
     262,000

     Variable interest rate as of March 31, 2025

     5.80
     %

     5.80
     %

Based on the amounts outstanding as of March 31, 2025, a hypothetical 100 basis point change (increase or decrease) in interest rates would impact annual interest expense by $2.6 million. To hedge the Company's exposure to interest payment fluctuations on a portion of these borrowings, we entered into a floating-to-fixed interest rate swap agreement with a notional amount of $100.0 million.