Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 23

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 1
Chunk 23
---
 the Company executed an amendment to extend the delayed draw term loan availability period to November 10, 2025. The automotive subsidiary did not borrow against the delayed draw term loan as of September 30, 2025; the delayed draw term loan was subsequently utilized to finance the acquisition of a Honda automotive dealership in October 2025 (see Note 2).

14

8.    FAIR VALUE MEASUREMENTS 

The Company’s financial assets and liabilities measured at fair value on a recurring basis were as follows:As of September 30, 2025(in thousands)Level 1Level 2Level 3TotalAssets      Money market investments (1) $— $5,592 $— $5,592 Marketable equity securities (2)998,793 — — 998,793 Other current investments (3)— 6,999 — 6,999 Total Financial Assets$998,793 $12,591 $— $1,011,384 Liabilities      Contingent consideration liabilities (4)$— $— $1,451 $1,451 Interest rate swaps (5) — 2,413 — 2,413 Mandatorily redeemable noncontrolling interest (6)— — 22,187 22,187 Total Financial Liabilities$— $2,413 $23,638 $26,051 As of December 31, 2024(in thousands)Level 1Level 2Level 3TotalAssets      Money market investments (1) $— $3,908 $— $3,908 Marketable equity securities (2)852,434 — — 852,434 Other current investments (3)— 6,309 — 6,309 Foreign exchange swap (7)— 710 — 710 Total Financial Assets$852,434 $10,927 $— $863,361 Liabilities      Contingent consideration liabilities (4)$— $— $1,419 $1,419 Interest rate swaps (5)— 1,419 — 1,419 Mandatorily redeemable noncontrolling interest (6)— — 159,548 159,548 Total Financial Liabilities$— $1,419 $160,967 $