Company: UZF
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000821130-25-000070
Chunk: 34

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Item 2
Chunk 34
---
 the capital markets or other factors could have an adverse effect on Array’s business, financial condition, revenues, results of operations and cash flows. 

23

Quantitative and Qualitative Disclosures about Market Risk

Market Risk

As of September 30, 2025, approximately 55% of Array's long-term debt was in fixed-rate senior notes and approximately 45% in variable-rate debt. Fluctuations in market interest rates can lead to volatility in the fair value of fixed-rate notes and interest expense on variable-rate debt.

The following table presents the scheduled principal payments on long-term debt, lease obligations, and the related weighted average interest rates by maturity dates at September 30, 2025.

Principal Payments Due by PeriodLong-Term Debt Obligations1Weighted-Avg. Interest Rates on Long-Term Debt Obligations2(Dollars in thousands)20264,063 6.6 %20278,125 6.6 %20288,125 6.6 %202912,188 6.6 %Thereafter656,428 6.2 %Total$688,929 6.2 %

1The total long-term debt obligation differs from Long-term debt in the Consolidated Balance Sheet due to unamortized debt issuance costs on all non-revolving debt instruments and unamortized discounts related to the 6.7% Senior Notes. 

2Represents the weighted average stated interest rates at September 30, 2025, for debt maturing in the respective periods.

See Note 3 — Fair Value Measurements in the Notes to Consolidated Financial Statements for additional information related to the fair value of Array’s Long-term debt as of September 30, 2025. 

24

Financial Statements

Array Digital Infrastructure, Inc.Consolidated Statement of Operations(Unaudited)Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024(Dollars and shares in thousands, except per share amounts)Operating revenuesSite rental$45,838 $25,669 $99,663 $76,591 Services1,281 70 2,969 254 Total operating revenues47,119 25,739 102,632 76,845 Operating expensesCost of operations (excluding Depreciation, amortization and accretion reported below)20,976 18,263 56,662 52,822 Selling, general and administrative