Company: ALIT
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001809104-25-000062
Chunk: 210

Company: Alight, Inc. / Delaware
Filing Date: 2025-02-27
Form: 10-K
Item: Item 3
Chunk 210
---
2024. The Company’s liability for uncertain tax positions as of December 31, 2023 was $2 million related to amounts that would impact the effective tax rate if recognized. The Company records interest and penalties related to uncertain tax positions in its provision for income taxes. There were no accrued potential interest and penalties as of December 31, 2024. The Company accrued potential interest and penalties of $2 million as of December 31, 2023. The Company and its subsidiaries file income tax returns in their respective jurisdictions. The Company has substantially concluded all U.S. federal income tax matters for years through 2020. The Company has concluded income tax examinations in its primary non-U.S. jurisdictions through 2021.

70

8. DebtDebt outstanding consisted of the following (in millions):Maturity DateDecember 31,2024December 31,2023Sixth Incremental Term Loans(1)August 31, 2028$2,025 $— Fifth Incremental Term Loans(2)August 31, 2028— 2,488 Secured Senior NotesJune 1, 2025— 306 $300 million Revolving Credit Facility, AmendedAugust 31, 2026— — Total debt, net2,025 2,794 Less: current portion of long-term debt, net(25)(25)Total long-term debt, net$2,000 $2,769 _______________________________________________________(1)The net balance for the Sixth Incremental Term Loans included unamortized debt issuance costs at December 31, 2024 of approximately $6 million. (2)The net balance for the Fifth Incremental Term Loans included unamortized debt issuance costs at December 31, 2023 of approximately $8 million. Term Loan In May 2017, the Company entered into a 7-year Initial Term Loan pursuant to a credit agreement (the “Credit Agreement”). During November 2017 and November 2019, the Company entered into Incremental Term Loans under identical terms as the Initial Term Loan. In August 2020, the Company entered into Amendment No. 5 to the Credit Agreement, which refinanced a portion of the Initial Term Loan by paying down $270 million of principal using the proceeds from the August 2020 Unsecured Senior Notes issuance, extending the maturity date on $1,986 million of the balance to October 31, 2026, and