Company: JBI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001839839-25-000132
Chunk: 29

Company: Janus International Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 7
Chunk 29
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 29, 2025, our outlook and current debt ratings are as follows:

S&PMoody’sCorporateB+Ba3Senior secured long-term debt(1)BB-Ba3Outlook PositiveStable

(1) A credit rating is not a recommendation to buy, sell or hold securities. Our credit ratings may be revised or withdrawn at any time by the rating agencies, and each rating should be evaluated independently of any other rating. There can be no assurance that a rating will remain in effect for any given period of time or that a rating will not be lowered, or withdrawn entirely, by a rating agency if, in its judgment, circumstances so warrant.

Contractual Obligations

Summarized below are our contractual obligations as of March 29, 2025 and their expected impact on our liquidity and cash flows in future periods (dollar amounts in millions):

Total20252026-20272028-2029ThereafterDebt obligations$557.0 $6.0 $12.0 $12.0 $527.0 Finance lease obligations3.8 1.3 2.1 0.4 — Unconditional purchase obligations (1) 20.0 16.0 3.9 0.1 — Operating lease obligations60.5 5.1 12.8 11.1 31.5 Total$641.3 $28.4 $30.8 $23.6 $558.5 

(1)Unconditional purchase obligations consist of supply contracts that relate to fixed price agreements as well as multi-year software contracts. 

Debt obligations are presented for the principal balance and include the First Lien Term Loan payments. The First Lien Term Loan has a maturity date of August 3, 2030. (See Note 9, Long-Term Debt, to our Unaudited Condensed Consolidated Financial Statements in this Form 10-Q for a further discussion).

Finance lease obligations include future payments related to finance leases. Operating lease obligations consist of future payments related to operating lease liabilities for real and personal property leases with various lease expiration dates. The amount included in the “Thereafter” column is primarily comprised of thirteen real property leases with expiration dates ranging from 2029 – 2036. Finance and operating lease obligations are presented net of imputed interest. (See Note 10, Leases, to our Unaudited Condensed Consolidated