Company: JBI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001839839-25-000150
Chunk: 69

Company: Janus International Group, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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. 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no assurance that a rating will remain in effect for any given period of time or that a rating will not be lowered, or withdrawn entirely, by a rating agency if, in its judgment, circumstances so warrant.

On October 17, 2025, subsequent to the three months ended September 27, 2025, S&P upgraded the Company’s credit rating from ‘B+’ to

‘BB-’ and upgraded the Senior secured long-term debt to 'BB' from 'BB-’  with a stable outlook based on the Company’s low net leverage.

47

Contractual Obligations

Summarized below are our contractual obligations as of September 27, 2025 and their expected impact on our liquidity and cash flows in future periods:

(dollar amounts in millions)Total20252026-20272028-2029ThereafterDebt obligations$554.0 $3.0 $12.0 $12.0 $527.0 Finance lease obligations3.0 0.5 1.9 0.6 — Unconditional purchase obligations6.1 2.1 3.9 0.1 — Operating lease obligations60.1 1.9 14.1 12.0 32.1 Total$623.2 $7.5 $31.9 $24.7 $559.1 

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 10, 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 5, Leases, to our Unaudited Condensed Consolidated Financial Statements in this Form 10-Q for a further discussion of future lease payments).

Unconditional purchase obligations consist of supply contracts that relate to fixed price arrangements as well as multi-year software contracts. As we continue to analyze the impact