Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 95

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 95
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,192 811,833 Less: current portion(26,577)(66,751)Total Long-Term Debt$721,615 $745,082 ____________(1)    The carrying value is net of $1.0 million and $1.7 million of unamortized debt issuance costs as of December 31, 2024 and 2023, respectively.(2)    The carrying value is net of $0.5 million and $0.6 million of unamortized debt issuance costs as of December 31, 2024 and 2023, respectively.(3)    The carrying value is net of $0.1 million of unamortized debt issuance costs as of December 31, 2024 and 2023.(4)    The carrying value is net of $0.6 million and $0.8 million of unamortized debt issuance costs as of December 31, 2024 and 2023, respectively.The Company’s $400 million senior unsecured fixed-rate notes (the Notes), due June 1, 2026, are guaranteed, jointly and severally, on a senior unsecured basis, by certain of the Company’s existing and future domestic subsidiaries, as described in the terms of the indenture. The Notes have a coupon rate of 5.75% per annum, payable semi-annually on June 1 and December 1. The Company may redeem the Notes in whole or in part at any time at the respective redemption prices described in the indenture. At December 31, 2024 and 2023, the fair value of the Notes, based on quoted market prices (Level 2 fair value assessment), totaled $398.9 million and $400.4 million, respectively.The outstanding balance on the Company’s $300 million unsecured revolving credit facility was $62.8 million as of December 31, 2024, consisting of British Pound (GBP) borrowings of £50 million with interest payable at Daily Sterling Overnight Index Average (SONIA) plus 1.375%. On July 28, 2023, the Company entered into a $150 million term loan with each of the lenders party thereto, Wells Fargo Bank, N.A., JPMorgan Chase Bank N.A., Bank of America, N.A., HSBC Bank USA, N.A., and PNC Bank, N.A. The term loan is payable in