Company: ALIT
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037820
Chunk: 114

Company: Alight, Inc. / Delaware
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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 through December 2026 (see Note 13 “Derivative Financial Instruments”).During the three and six months ended June 30, 2025, the Company made total principal payments on the Incremental Term Loans of $5 million and $10 million, respectively. During the three and six months ended June 30, 2024, the Company made total principal payments on the Incremental Term Loans of $6 million and $13 million, respectively. Revolving Credit FacilityIn August 2021, the Company entered into a $294 million revolving credit facility with a maturity date of August 31, 2026. In March 2023, the Company amended and upsized the revolving credit facility to $300 million and updated the benchmark reference rate from LIBOR to Term SOFR. In May 2025, the Company entered into Amendment No. 12 of its credit agreement, which increased the aggregate principal amount of its revolving credit facility to $330 million and extended the maturity date to May 31, 2030. At June 30, 2025, an immaterial amount of unused letters of credit related to various insurance policies and real estate leases were issued under the revolving credit facility and there were no borrowings. The Company is required to make periodic payments for commitment fees and interest related to the revolving credit facility and outstanding letters of credit. During each of the three and six months ended June 30, 2025, the Company made payments related to these fees of $1 million. During each of the three and six months ended June 30, 2024, the Company made immaterial payments related to these fees.

15

Financing Fees, Premiums and Interest Expense The Company capitalized financing fees and premiums related to the Term Loan and Revolver issued. These financing fees and premiums were recorded as an offset to the aggregate debt balances and are being amortized over the respective loan terms.Total interest expense related to the debt instruments for the three months ended June 30, 2025 and 2024, was $32 million and $54 million, respectively. Total interest expense related to the debt instruments for the six months ended June 30, 2025 and 2024 was $64 million and $109 million, respectively. Interest expense is recorded in Interest expense in the Condensed Consolidated Statements of Comprehensive Income (Loss) and is net of interest rate swap derivative gains recognized. Principal PaymentsAggregate remaining contractual principal payments as of June 30, 2025 are as follows (in millions