Company: THS
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001320695-25-000099
Chunk: 12

Company: TreeHouse Foods, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 12
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 used of $28.9 million, which was primarily attributable to a decrease in cash flows from the Receivables Sales Program. Refer to Note 4 to our Condensed Consolidated Financial Statements for additional information regarding the Receivables Sales Program. This was partially offset by higher cash earnings reflecting the Company's pricing actions to recover commodity inflation.

Investing Activities

Net cash used in investing activities was $258.5 million in the first six months of 2025 compared to $49.7 million in the first six months of 2024, an increase in cash used of $208.8 million. The increase in cash used for investing activities in the first six months of 2025 was primarily driven by the $209.3 million of cash used for the acquisition of the private brand tea business in the first quarter of 2025. This was partially offset by proceeds of $4.8 million which were primarily from the sale of machinery and equipment related to the RTD business exit.

Financing Activities

Net cash provided by financing activities was $89.2 million in the first six months of 2025 compared to $92.9 million net cash used in financing activities in the first six months of 2024, an increase in cash provided of $182.1 million. The increase in cash provided is primarily due to cash inflows from the Revolving Credit Facility of $105.0 million in the first six months of 2025 and $88.7 million of non-recurring common stock repurchases during the first six months of 2024. This was partially offset by costs related to the debt refinancing that occurred in January 2025.

Debt Obligations

On January 17, 2025, the Company entered into the Third Amended and Restated Credit Agreement (the "Credit Agreement"), among the Company, the lenders from time to time party thereto and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer. The Credit Agreement amends, restates and replaces the prior Credit Agreement. Pursuant to the Credit Agreement, the Company (i) continued and extended the maturity of the Revolving Credit Facility and the Term Loans, (ii) decreased the aggregate size of the Term Loan A to $480.0 million and (iii) decreased the aggregate size of the Term Loan A-1 to $425.0 million.

At June 30, 2025, we had $480.0 million