Company: LW
Filing Date: 2025-04-03
Form Type: 10-Q
Source: 0001679273-25-000026
Chunk: 24

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-04-03
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 obligations(79.3)(56.4)Long-term debt and financing obligations, excluding current portion$3,680.6 $3,440.7 ___________________________________________(a)Other credit facilities consist of short-term facilities at our subsidiaries used for working capital purposes. Borrowings under these facilities bear interest at various rates.(b)The interest rates applicable to the Term A-1, A-3, A-4, and A-5 loans do not include anticipated patronage dividends. We have received and expect to continue receiving patronage dividends under these term loan facilities.(c)Excludes debt issuance costs of $4.1 million and $4.9 million as of February 23, 2025 and May 26, 2024, respectively, related to our Revolving credit facility, which are recorded in “Other assets” on our Consolidated Balance Sheets. As of February 23, 2025, we had $1,052.5 million of available liquidity under our committed revolving credit facility.For the thirty-nine weeks ended February 23, 2025 and February 25, 2024, we paid $167.2 million and $151.3 million of interest on debt, respectively.For more information about our debt and financing obligations, interest rates, and debt covenants, see Note 6, Debt and Financing Obligations, of the Notes to Consolidated Financial Statements in “Part II, Item 8. Financial Statements and Supplementary Data” of the Form 10-K, and Note 9, Debt and Financing Obligations, in “Part I, Item 1. Financial Statements (Unaudited)” of our Quarterly Report on Form 10-Q for the quarter ended August 25, 2024 filed with the SEC on October 2, 2024.

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11. FAIR VALUE MEASUREMENTS 

The fair values of cash equivalents, receivables, accounts payable, and short-term debt approximate their carrying amounts due to their short duration.The following table presents our financial assets and liabilities measured at fair value on a recurring basis based upon the level within the fair value hierarchy in which the fair value measurements fall:As of February 23, 2025(in millions)Level 1Level 2Level 3Fair Valueof Assets(Liabilities)Derivative assets (a)$— $0.8 $— $0.8 Derivative liabilities (a)— (9.3)— (9.3