Company: ASGN
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000890564-25-000039
Chunk: 40

Company: ASGN Inc
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 40
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 Not subject to amortization:Trademarks305.2 — 305.2 272.8 — 272.8 $778.4 $290.9 $487.5 $699.5 $259.7 $439.8 

8

Estimated future amortization expense is as follows (in millions):  Remainder of 2025$33.3 202654.1 202741.2 202823.1 202917.0 Thereafter13.6 $182.3 

5. Long-Term Debt 

Long-term debt consisted of the following (in millions):June 30,2025December 31,2024Senior Secured Credit Facility:$500 million revolving credit facility, due 2028$180.0 $— Term loan B, due 2030491.3 493.8 Unsecured Senior Notes, due 2028550.0 550.0 1,221.3 1,043.8 Unamortized deferred loan costs(4.6)(5.3)Term loan B, principal payments due in the next 12 months(5.0)(5.0)Long-term debt$1,211.7 $1,033.5 __________The Company is required to make quarterly minimum principal payments totaling $5.0 million annually on the term loan until its maturity date; this amount is included in other current liabilities on the accompanying condensed consolidated balance sheets. Taking into consideration the $5.0 million annual required principal payments, the balance due at maturity will be $466.3 million.Senior Secured Credit Facility — In March 2024, the Company amended its senior secured credit facility (the "facility”). Related to the debt amendment there were $0.9 million of costs. The Company accounted for the debt amendment as a modification and accordingly, these costs were expensed as incurred. There was an insignificant amount of previously capitalized costs that were written off. Borrowings under the $491.3 million term loan B ("term loan") bear interest, at the Company's election, at (i) the secured overnight financing rate ("SOFR") plus 1.75 percent, or (ii) the bank’s base rate plus 0.75 percent. Borrowings under the $500.0 million revolving credit facility (the "revolver") bear interest, at the Company's election, at