Company: IIIV
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001728688-25-000089
Chunk: 70

Company: i3 Verticals, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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 634 Employee health self-insurance liability250 917 Accrued Hyland expenses3,046 1,165 Accrued interchange3,052 1,946 Other accrued liabilities related to the Sale of the Merchant Services Business— 7,887 Accrued liabilities owed to sellers227 355 Other accrued expenses5,162 3,752 Accrued expenses and other current liabilities$22,733 $89,972 A summary of the Company's long-term liabilities as of March 31, 2025 and September 30, 2024 is as follows:March 31,September 30,20252024Accrued contingent consideration — long-term portion$2,544 $1,636 Deferred tax liability — long-term10,155 11,402 Other long-term liabilities2,066 1,883 Total other long-term liabilities$14,765 $14,921 

8. LONG-TERM DEBT, NET 

A summary of long-term debt, net as of March 31, 2025 and September 30, 2024 is as follows:March 31,September 30,Maturity20252024Revolving lines of credit to banks under the 2023 Senior Secured Credit FacilityMay 8, 2028$12,000 $— 1% Exchangeable Senior Notes due 2025February 15, 2025— 26,223 Total long-term debt12,000 26,223 Less current portion of long-term debt— (26,223)Long-term debt, net of current portion$12,000 $— 

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i3 VERTICALS, Inc.NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(in thousands, except unit, share and per share amounts)

2020 Exchangeable Notes OfferingOn February 18, 2020, i3 Verticals, LLC issued $138,000 aggregate principal amount of 1.0% Exchangeable Senior Notes due 2025 (the “Exchangeable Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company received approximately $132,762 in net proceeds from the sale of the Exchangeable Notes, as determined by deducting estimated offering expenses paid to third-parties from the aggregate principal