Company: UFPT
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050425
Chunk: 39

Company: UFP TECHNOLOGIES INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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, permitted indebtedness and permitted investments.At September 30, 2025, the Company had approximately $146.1 million in outstanding borrowings under the Third Amended and Restated Credit Agreement and also had approximately $0.7 million in standby letters of credit outstanding, drawable as a financial guarantee on worker’s compensation insurance policies. At September 30, 2025, the weighted average interest rate was approximately 5.5% and the Company was in compliance with all covenants under the Third Amended and Restated Credit Agreement.Long-term debt consists of the following (in thousands):September 30, 2025Revolving credit facility$33,620 Term loan112,500 Total long-term debt146,120 Current portion(12,500)Long-term debt, excluding current portion$133,620 Future maturities of long-term debt at September 30, 2025 are as follows (in thousands):Term LoanRevolving credit facilityTotalRemainder of 2025$3,125 $- $3,125 202612,500 - 12,500 202712,500 - 12,500 202812,500 - 12,500 202971,875 33,620 105,495 $112,500 $33,620 $146,120 

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ITEM 2:    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward-looking Statements

Some of the statements contained in this Report are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (“Exchange Act”). Management and representatives of UFP Technologies, Inc. (the “Company”) also may from time to time make forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors, which may cause our or our industry’s actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements include, but are not limited to, statements about the Company’s prospects; the demand for its products, the well-being and availability of the Company’s employees, the continuing operation of the Company’s locations, delayed payments by the Company’s customers and the potential for reduced or canceled orders; statements about expectations regarding customer inventory