Company: PRGO
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585364-25-000014
Chunk: 126

Company: PERRIGO Co plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 126
---
 ended December 31, 2024. On May 7, 2024, we entered into new fixed-for-fixed cross currency interest rate swaps designated as net investment hedges to hedge the EUR currency exposure of our investment in European operations. The following are the total notional amounts and terms of the instruments: •$547.5 million notional amount outstanding from May 7, 2024 through April 20, 2027. On August 2, 2024, we restructured the $152.5 million notional amount remaining from $700.0 million notional effective from October 25, 2022 to December 15, 2024 and extended the effective date to April 20, 2027. There was no cash impact associated with the restructuring.In September 17, 2024, we entered into new fixed-for-fixed cross currency interest rate swaps designated as net investments hedges to hedge the EUR currency exposure of our investment in European operations. The following are the total notional amounts and terms of the instruments: •$300.0 million notional amount outstanding from September 17, 2024 through September 30, 2028;•$215.0 million notional amount outstanding from September 17, 2024 through June 15, 2030; and•$200.0 million notional amount outstanding from September 17, 2024 through September 30, 2032.On November 26, 2024, we cash settled the following cross currency swaps:•$300.0 million notional amount effective from November 21, 2023 through April 20, 2027;•$547.5 million notional amount effective from May 7, 2024 through April 20, 2027;•$300.0 million notional amount effective from September 17, 2024 through September 30, 2028; and•$185.5 million notional of the $700 million notional effective from October 25, 2022 through March 15, 2026.Collectively, the transactions were settled for a net payment of $2.4 million as part of cash flows for investing activities within the Statement of Cash Flows for the year ended December 31, 2024.On November 26, 2024, we restructured the following cross currency swaps to extend the effective date:•$200.0