Company: ACIW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000935036-25-000019
Chunk: 36

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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15, 2019. The 2026 Notes were scheduled to mature on August 15, 2026.On June 18, 2025, the Company redeemed the 2026 Notes in full as provided for under the terms.Maturities on debt outstanding as of June 30, 2025, are as follows (in thousands):Fiscal Year Ending December 31,Remainder of 2025$21,250 202642,500 202742,500 202845,000 2029752,500 Thereafter— Total$903,750 As of June 30, 2025, and at all times during the period, the Company was in compliance with its financial debt covenants.

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Total debt is comprised of the following (in thousands):June 30, 2025December 31, 2024Term loans$643,750 $462,500 Revolving credit facility260,000 70,000 5.750% Senior notes, due August 2026— 400,000 Debt issuance costs(5,729)(7,923)Total debt898,021 924,577 Less: current portion of term loans42,500 37,500 Less: current portion of debt issuance costs(1,591)(2,572)Total long-term debt$857,112 $889,649 Overdraft FacilityIn 2019, the Company and ACI Payments, Inc. entered in to an uncommitted overdraft facility with Bank of America, N.A. The overdraft facility bears interest at the federal funds effective rate plus 2.25% based on the Company’s average outstanding balance and the frequency in which overdrafts occur. The overdraft facility acts as a secured loan under the terms of the Credit Agreement to provide an additional funding mechanism for timing differences that can occur in the bill payment settlement process. Amounts outstanding on the overdraft facility are included in other current liabilities in the condensed consolidated balance sheet. As of June 30, 2025 and December 31, 2024, there was $75.0 million available and no amount outstanding on the overdraft facility.Other

The Company finances certain multi-year license agreements for internal-use software. Upon execution, these arrangements are treated as a non-cash investing and financing activity for purposes of the condensed consolidated statements of cash flows.  During the six months ended June 30, 2025, the Company