Company: AKO-B
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001410578-25-000473
Chunk: 102

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-03-26
Form: 20-F
Item: Item 5
Chunk 102
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 of 5.82% for the debts in Chilean pesos and 36.76% for the debts in our operation in Argentina. 

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The following table presents future expirations for additional long-term liabilities. These expirations have been estimated based on accounting estimates because the liabilities do not have specific dates of future payment, as allowance for severance indemnities, contingencies, and liabilities are included.

             ​                ​     ​      ​        ​       ​        ​       ​        ​    
-------------------------------------------------------------------------------------------
​                                 Maturity Years                                           
​                             ​   ​        ​    ​           ​    ​           ​    More than
​                                 Total         1-3 Years        3-5 Years        5 Years  
​                             ​   (Millions Ch$2024)                                       
Provisions                        55,246   ​    1,522       ​    722         ​    53,002   
Other long-term liabilities       20,160   ​    491         ​    750         ​    18,919   
Total long-term liabilities       75,406   ​    2,013       ​    1,472       ​    71,921   
​
Summary of Significant Debt Instruments
As of December 31, 2024, the Company is in compliance with all its debt covenants which are summarized below:
Series B Local Bonds (BANDI-B1; BANDI-B2)
During 2001, we issued in Chile Series B bonds. This issuance was structured into two series, one of which matured in 2008. As of December 31, 2024, Series B is the outstanding series with sub-series B1 and B2. During 2001, UF 3.7 million in bonds were issued with final maturity in 2026, bearing an annual interest rate of 6.5%. The Series B Local Bonds are subject to the following restrictive covenants:

●   In October 2020, the covenant of Consolidated Financial Liabilities / Consolidated Equity was amended as the following: Maintain an indebtedness level where Net Consolidated Financial Liabilities shall not exceed Consolidated Equity by 1.20 times. For these purposes Net Consolidated Financial Liabilities will be the result of: (i) Other Current Financial Liabilities, plus (ii) Other Non-Current Financial Liabilities, less (iii) the sum of Cash and Cash Equivalents; plus, Other Current