Company: PTC
Filing Date: 2025-11-21
Form Type: 10-K
Source: 0001193125-25-291326
Chunk: 31

Company: PTC INC.
Filing Date: 2025-11-21
Form: 10-K
Item: Item 6
Chunk 31
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 in connection with vesting of stock-based awards were lower in FY'25 compared to FY'24, primarily driven by the vesting of certain awards in connection with the chief executive officer succession in Q2'24.

27

Outstanding Debt

     (in millions)
      
     September 30,

     2025

     2024

     4.000% Senior notes due 2028
      
     $
     500.0

     $
     500.0

     3.625% Senior notes due 2025

     —

     500.0

     Credit facility revolver line

     231.3

     262.0

     Credit facility term loan

     468.8

     490.6

     Total debt

     1,200.0

     1,752.6

     Unamortized debt issuance costs for the senior notes

     (2.6
     )

     (4.1
     )

     Total debt, net of issuance costs
      
     $
     1,197.4

     $
     1,748.6

     Undrawn under credit facility revolver
      
     $
     1,018.8

     $
     988.0

     Undrawn under credit facility revolver available to borrow
      
     $
     1,001.7

     $
     972.1

   As of September 30, 2025, we were in compliance with all financial and operating covenants of the credit facility and the senior note indenture. As of September 30, 2025, the annual rate for borrowings outstanding under the credit facility was 5.6%.Our credit facility and our senior notes, including the financial and operating covenants and limitations on the payment of dividends, are described in Note 8. Debt of Notes to the Consolidated Financial Statements in this Annual Report. As of September 30, 2025, $25 million of our debt associated with the credit facility term loan was classified as current. In Q2'25, we redeemed the 2025 senior notes using a draw on our revolving credit facility and cash on hand.Share Repurchase AuthorizationOur Articles of Organization authorize us to issue up to 500 million shares of our common stock. Our Board of Directors has authorized us to repurchase up to $2 billion of our common stock in the period October 1, 2024