Company: ICUI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000883984-25-000007
Chunk: 251

Company: ICU MEDICAL INC/DE
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 251
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 default, including, among others: non-payments of principal and interest; breach of representations and warranties; covenant defaults; cross-defaults and cross-acceleration to certain other material indebtedness; the existence of bankruptcy or insolvency proceedings; certain events under ERISA; material judgments; and a change of control. If an event of default occurs and is not cured within any applicable grace period or is not waived, the administrative agent and the Lenders are entitled to take various actions, including, without limitation, the acceleration of all amounts due and the termination of commitments under the Senior Secured Credit Facilities.The carrying values of our long-term debt consist of the following (in thousands):2024 Effective Interest RateAs of December 31,2023 Effective Interest Rate20242023Senior Secured Credit Facilities:Term Loan A — principal8.03 %$770,313 $812,813 7.67 %Term Loan B — principal8.38 %826,625 835,125 8.00 %Revolving Credit Facility — principal— %— — — %Less unamortized debt issuance costs(1)(14,080)(19,168)Total carrying value of long-term debt1,582,858 1,628,770 Less current portion of long-term debt51,000 51,000 Long-term debt, net$1,531,858 $1,577,770 _______________________________(1)    In 2024, comprised of $6.1 million and $8.0 million relating to the Term Loan A and the Term Loan B, respectively. In 2023, comprised of $9.3 million and $9.9 million relating to the Term Loan A and the Term Loan B, respectively.As of December 31 2024, the aggregate amount of principal repayments of our long-term debt (including any current portion) for each of the next five years is approximately (in thousands):

105

ICU MEDICAL, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

2025$51,000 202672,250 2027672,563 20288,500 2029792,625 Thereafter— Total$1,596,938 The following table presents the total interest expense related to our long-term debt (in thousands):Year Ended December 31,202420232022Contractual interest