Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 28

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 "Prepaid and other current assets" on the condensed consolidated balance sheets.(5) Included within "Other assets" on the condensed consolidated balance sheets.(6) Included within "Accrued expenses" on the condensed consolidated balance sheets.(7) Included within "Other liabilities" on the condensed consolidated balance sheets.

16

INGEVITY CORPORATIONNotes to the Condensed Consolidated Financial StatementsSeptember 30, 2025(Unaudited)

Note 9: Debt, including Finance Lease Obligations

Current and long-term debt including finance lease obligations consisted of the following: In millions, except percentagesSeptember 30, 2025December 31, 2024Revolving Credit Facility and other lines of credit (1)(2)$514.0 $695.0 3.88% Senior Notes due 2028550.0 550.0 Finance lease obligations (3)99.2 100.0 Accounts receivable securitization (4)98.7 58.3 Other notes payable2.0 1.9 Total debt including finance lease obligations$1,263.9 $1,405.2 Less: debt issuance costs3.4 4.2 Total debt including finance lease obligations, net of debt issuance costs$1,260.5 $1,401.0 Less: debt maturing within one year (5)102.0 61.3 Long-term debt including finance lease obligations$1,158.5 $1,339.7 _______________(1) Letters of credit outstanding under the revolving credit facility were $9.0 million and $2.6 million and available funds under the facility were $477.0 million and $302.4 million at September 30, 2025 and December 31, 2024, respectively.(2) The effective interest rate associated with our revolving credit facility, exclusive of any floating-to-fixed interest rate instrument, was 6.68 percent and 7.48 percent for the period ended September 30, 2025 and December 31, 2024, respectively.(3) As of September 30, 2025 and December 31, 2024, $80.0 million of the finance lease obligations upon maturity will be settled utilizing liquid assets that have been placed into a trust established strictly for this purpose. The trust is presented as Restricted investments on the condensed consolidated balance sheets in the amount of $83.7 million and