Company: CRD-A
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030894
Chunk: 235

Company: CRAWFORD & CO
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 235
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 not manage those items carefully, we could be in default under the Credit Facility, which would negatively impact our ability to fund our current operations or make needed capital investments.

We believe our current financial resources, together with funds generated from operations and existing and potential borrowing capabilities, will be sufficient to maintain our current operations for the next 12 months.

45

Material Cash Commitments

As of December 31, 2024, the impact that our material cash commitments, including estimated interest payments, are expected to have on our liquidity and cash flow in future periods is as follows:

(Note references in the following table refer to the note in the accompanying consolidated financial statements in Item 8 of this Annual Report on Form 10-K).

    Payments Due by Period

    One Year orLess

    1 to 3Years

    3 to 5Years

    After 5 Years

    Total

    (In thousands)

    Operating lease commitments (Note 6)
     
    $
    29,040

    $
    42,062

    $
    22,813

    $
    9,716

    $
    103,631

    Long-term debt, including current portions (Note 5) (1)

    17,740

    200,239

    —

    —

    217,979

    Finance lease and other obligations (Note 5) (1)

    82

    76

    —

    —

    158

    Total, before interest payments

    46,862

    242,377

    22,813

    9,716

    321,768

    Estimated interest payments under Credit Facility

    12,519

    10,564

    —

    —

    23,083

    Total material cash commitments
     
    $
    59,381

    $
    252,941

    $
    22,813

    $
    9,716

    $
    344,851

(1)Assumes principal amounts are repaid at maturity and not refinanced.

Borrowings under our Credit Facility bear interest at a variable rate, based on a Term SOFR Rate, an alternative reference rate or a Base Rate, in either case plus an applicable margin. Long-term debt refers to the required principal repayment at maturity of the Credit Facility, and may differ significantly from estimates, due to, among other things, actual amounts outstanding at maturity