Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 303

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 303
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Contractual Obligations

We are obligated under non-cancelable agreements primarily for office and rent facilities operating leases. Consolidated rent expense charged to operations under all our leases for fiscal 2024 was approximately $15.5 million.

The following table summarizes our future contractual obligations as of the end of fiscal 2024:

    Payment Due by Period

    Less than

    More than

    Total

    1 Year

    1-3 Years

    3-5 Years

    5 Years

    (in millions)

    Long-Term Debt (1)

    Principal
     
    $
    1,445.0

    $
    —

    $
    10.0

    $
    1,435.0

    $
    —

    Interest

    365.3

    107.8

    201.6

    55.9

    —

    Operating leases, finance leases and non-cancelable agreements

    81.1

    21.5

    23.1

    18.6

    17.9

    Total (2)
     
    $
    1,891.4

    $
    129.3

    $
    234.7

    $
    1,509.5

    $
    17.9

Note: Totals may not sum due to rounding.

(1)Due to the fact that a portion of our debt is variable rate based, we have assumed for purposes of this table that the interest rate on all of our debt as of the end of fiscal 2024 remains constant for all periods presented.

(2)The provision for income tax contingencies included in other long-term liabilities on the consolidated balance sheet is not included in the table above due to the fact that the Company is unable to estimate the timing of payment for this liability.

Acquisition of Sequence

On April 10, 2023, we completed the Acquisition for an aggregate purchase price of $132.0 million, which was inclusive of (i) approximately $64.2 million in cash and approximately $34.7 million in the form of newly issued shares, (ii) $16.0 million in cash paid on April 10, 2024, and (iii) $16.0 million in cash to be paid on April 10, 2025.

Factors Affecting Future Liquidity

Any future acquisitions, joint ventures or other