Company: CODI-PB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001345126-25-000015
Chunk: 245

Company: Compass Diversified Holdings
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 245
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 (viii) incurring liens, (ix) entering into sale-leaseback transactions and (x) making certain investments, subject in each case to certain exceptions.The following table provides the Company’s outstanding long-term debt and effective interest rates at December 31, 2024 and December 31, 2023 (in thousands):December 31, 2024December 31, 2023Effective Interest RateAmountEffective Interest RateAmount2029 Senior Notes5.25%$1,000,000 5.25%$1,000,000 2032 Senior Notes5.00%300,000 5.00%300,000 2022 Term Loan7.60%375,000 7.50%385,000 2022 Revolving Credit Facility7.62%110,000 — Unamortized premiums and debt issuance costs (10,710)(13,121)Total debt$1,774,290 $1,671,879 Less: Current portion, term loan facilities(15,000)(10,000)Long-term debt$1,759,290 $1,661,879 Annual maturities of the Company's debt obligations are as follows (in thousands):2025$15,000 202625,000 2027445,000 2028— 20291,000,000 2030 and thereafter300,000 $1,785,000 Debt Issuance CostsDeferred debt issuance costs represent the costs associated with the issuance of the Company's financing arrangements. In connection with entering into the 2022 Credit Facility, the Company recognized $2.5 million in deferred financing costs associated with the 2022 Term Loan, and $2.8 million in deferred financing costs associated with the 2022 Revolving Credit Facility. The Company recorded $5.4 million in deferred financing costs in connection with entry into the 2021 Credit Facility, $0.5 million of which was recorded as a loss on debt extinguishment upon entry into the 2022 Credit Facility. Since the Company can borrow, repay and reborrow principal under the 2022 Revolving Credit Facility, the debt issuance costs associated with the 2022 Revolving Credit Facility have been classified as other non-current assets in the accompanying consolidated balance sheet. The debt issuance costs associated with the 2022 Term Loan and Senior Notes are classified as a reduction of long-term debt in the accompanying consolidated