Company: HLI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001302215-25-000092
Chunk: 20

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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1,497,259 Goodwill attributable to the Company’s business segments is as follows:April 1, 2025Change (1)June 30, 2025Corporate Finance$1,017,983 $8,783 $1,026,766 Financial Restructuring162,815 — 162,815 Financial and Valuation Advisory103,791 1,756 105,547 Goodwill$1,284,589 $10,539 $1,295,128 (1)Changes pertain primarily to foreign currency translation adjustments.

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Table of ContentsHOULIHAN LOKEY, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)(UNAUDITED)(In thousands, except share data or as otherwise stated)

Amortization expense of approximately $9,474 and $3,541 was recognized for the three months ended June 30, 2025 and 2024, respectivelyThe estimated future amortization for finite-lived intangible assets for each of the next five fiscal years and thereafter are as follows:Year EndingMarch 31,Remainder of 2026$4,572 2027884 2028723 2029696 2030 and thereafter4,236 

Note 10 — Other Liabilities

On August 23, 2019, the Company entered into a syndicated revolving line of credit with Bank of America, N.A. and certain other financial institutions party thereto, which was amended by the First Amendment to Credit Agreement dated as of August 2, 2022 (the "HLI Line of Credit"), which allows for borrowings of up to $100,000 (and, subject to certain conditions, provides the Company with an uncommitted expansion option, which, if exercised in full, would provide for a total credit facility of $200,000) and matures on August 23, 2025 (or if such date is not a business day, the immediately preceding business day). Borrowings under the HLI Line of Credit bear interest at a floating rate, which can be either, at the Company's option, (i) Term Secured Overnight Financing Rate ("SOFR") plus a 0.10% SOFR adjustment plus a 1.00% margin or (ii) base rate, which is the highest of (a) the Federal Funds Rate plus one-half of one percent (0.50%),