Company: ACA
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001739445-25-000067
Chunk: 35

Company: Arcosa, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 estimated fair values of the 2024 Notes and 2021 Notes as of March 31, 2025 were $610.0 million and $374.9 million, respectively, based on quoted market prices in a market with little activity (Level 2 input).

17

In connection with the issuance of the 2024 Notes and the 2021 Notes, the Company incurred $8.2 million and $6.6 million, respectively, of debt issuance costs.The remaining principal payments under existing debt agreements as of March 31, 2025 are as follows:20252026202720282029Thereafter (in millions)Term Loan$5.2 $7.0 $7.0 $7.0 $7.0 $665.0 2021 Senior Notes - 4.375% due April 2029— — — — 400.0 — 2024 Senior Notes - 6.875% due August 2032— — — — — 600.0 

Note 8. Leases

We have various leases primarily for office space, land and buildings, and certain equipment. At inception, we determine if an arrangement contains a lease and whether that lease meets the classification criteria of a finance or operating lease. For leases that contain options to purchase, terminate, or extend, such options are included in the lease term when it is reasonably certain that the option will be exercised. Some of our lease arrangements contain lease components and non-lease components which are accounted for as a single lease component as we have elected the practical expedient to group lease and non-lease components for all leases. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on information available at commencement date in determining the present value of lease payments.Future minimum lease payments for operating and finance lease obligations as of March 31, 2025 consisted of the following:Operating LeasesFinance Leases(in millions)2025 (remaining)$9.2 $3.7 202611.2 1.5 20278.0 0.4 20286.2 0.1 20295.8 — Thereafter55.6 — Total undiscounted future minimum lease obligations96.0 5.7 Less imputed interest(34.0)(0.2)Present value of net minimum lease obligations$62.0 $