Company: PTC
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015530
Chunk: 78

Company: PTC INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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 included in Other current assets and $5.2 million included in Other assets on the Consolidated Balance Sheet as of September 30, 2024.(2)The stated maturity date under the credit facility on which both the revolver line and the term loan will mature and all amounts then outstanding will become due and payable is January 3, 2028. The term loan began amortizing in March 2024, with payments of $18.8 million remaining in 2025, $25.0 million in 2026 and 2027, and $418.7 million in 2028.(3)Of the unamortized debt issuance costs for the senior notes, $0.1 million was included in Current portion of long-term debt and $3.4 million was included in Long-term debt on the Consolidated Balance Sheet as of December 31, 2024 and $0.4 million was included in Current portion of long-term debt and $3.6 million was included in Long-term debt on the Consolidated Balance Sheet as of September 30, 2024.(4)As of December 31, 2024, $524.9 million of debt was classified as short term, including $499.9 million associated with the 2025 senior notes and related debt issuance costs and $25.0 million associated with the credit facility term loan. As of September 30, 2024, $521.5 million of debt was classified as short term, including $499.6 million associated with the 2025 senior notes and related debt issuance costs and $21.9 million associated with the credit facility term loan.Senior Unsecured NotesIn February 2020, we issued $500 million in aggregate principal amount of 4.0% senior, unsecured long-term debt at par value, due in 2028 (the 2028 notes) and $500 million in aggregate principal amount of 3.625% senior, unsecured long-term debt at par value, due in February 2025 (the 2025 notes).As of December 31, 2024, the total estimated fair value of the 2028 and 2025 notes was approximately $474.9 million and $500.2 million, respectively, based on quoted prices for the notes on that date.We were in compliance with all the covenants for all our senior notes as of December 31, 2024.Credit AgreementOur credit facility consists of (i) a $