Company: CTLPP
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023882
Chunk: 66

Company: CANTALOUPE, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 66
---
 within Note 4 - Finance Receivables.

13

6. DEBT AND OTHER FINANCING ARRANGEMENTS

The Company's debt and other financing arrangements as of March 31, 2025 and June 30, 2024 consisted of the following:As of March 31,As of June  30,($ in thousands)202520242025 Credit Facility/2022 Amended Credit Facility$39,500 $37,625 Less: unamortized issuance costs(340)(75)Total39,160 37,550 Less: debt and other financing arrangements, current(1,934)(1,266)Debt and other financing arrangements, noncurrent$37,226 $36,284 Details of interest (income) expense, net on debt and tax liabilities presented on the condensed consolidated statements of operations are as follows:Three months endedNine months endedMarch 31,March 31,($ in thousands)20252024202520242025 Credit Facility/JPMorgan Credit Facility870 8942,616 2,718 Other interest (income) expense on tax liabilities(831)(1,056)(593)(771)Total interest expense (income), net on debt and tax liabilities$39 $(162)$2,023 $1,947 2025 Credit FacilityOn January 31, 2025 (the "Closing Date"), the Company entered into a second amended and restated credit agreement (the “2025 Credit Facility”) among the Company, as the borrower, certain of its subsidiaries, as guarantors, and JPMorgan Chase Bank, N.A., as a lender and the administrative agent, and Capital One, National Association as a lender.The 2025 Credit Facility provides for a $40 million secured term loan facility (the "2025 Term Loan Facility"), a $30 million secured revolving credit facility (the "2025 Revolving Facility") and a $30 million secured delayed draw term loan facility (the "Delayed Draw Term Loan Facility"). Proceeds from the 2025 Term Loan Facility were used to repay borrowings under the Company's 2022 Amended JPMorgan Credit Facility (described below), which had total remaining net borrowings of $37.3 million, inclusive of accrued interest on these facilities. The remaining proceeds from the 2025 Credit Facility were used to finance working capital needs and for general corporate purposes including permitted acquisitions and investments.The