Company: VRT
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001674101-25-000024
Chunk: 35

Company: Vertiv Holdings Co
Filing Date: 2025-10-22
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 following as of September 30, 2025 and December 31, 2024:September 30, 2025December 31, 2024Term Loan due 2032 at 6.03% and 6.19% at September 30, 2025 and December 31, 2024, respectively$2,081.3 $2,097.0 Senior Secured Notes due 2028 at 4.125% at both September 30, 2025 and December 31, 2024850.0 850.0 Unamortized discount and issuance costs(12.8)(18.8)2,918.5 2,928.2 Less: current portion(20.9)(21.0)Total long-term debt, net of current portion$2,897.6 $2,907.2 

11

Term Loan AmendmentOn August 12, 2025, Vertiv Group Corporation (the "Borrower"), a wholly-owned subsidiary of the Company, certain subsidiaries of the Borrower, the Term Loan lenders and Citibank, N.A., as administrative agent, entered into an amendment to the Term Loan credit facility, which, among other things, (i) extended the maturity of the Term Loan by creating a new single 7-year term loan tranche with a maturity date of August 12, 2032 and (ii) increased the size of the debt basket for the ABL Revolving Credit Facility. All other material provisions of the Credit Agreement remain materially unchanged, including but not limited to the pricing. The Company recognized a loss on the extinguishment of debt of $1.7 related to the extension for the three and nine months ended September 30, 2025.ABL Revolving Credit FacilityAt September 30, 2025, Vertiv Group Corporation (the "Borrower"), a wholly-owned subsidiary of the Company, and certain subsidiaries of the Borrower (the “Co-Borrowers”) had $782.8 of availability under the Asset Based Revolving Credit Facility, due 2029 (the “ABL Revolving Credit Facility”) (subject to customary conditions, and subject to separate sublimits for letters of credit, swingline borrowings and borrowings made to certain non-U.S. Co-Borrowers), net of letters of credit outstanding in the aggregate principal amount of $17.2, and taking into account the borrowing base limitations set forth in the