Company: ACIW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000935036-25-000013
Chunk: 29

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 29
---
 offering of the 2026 Notes at an issue price of 100% of the principal amount in a private placement for resale to qualified institutional buyers. The 2026 Notes bear interest at an annual rate of 5.750%, payable semi-annually in arrears on February 15 and August 15 of each year. The 2026 Notes will mature on August 15, 2026.Maturities on debt outstanding as of March 31, 2025, are as follows (in thousands):Fiscal Year Ending December 31,Remainder of 2025$28,125 2026437,500 202737,500 202837,500 2029312,500 Thereafter— Total$853,125 As of March 31, 2025, and at all times during the period, the Company was in compliance with its financial debt covenants.Total debt is comprised of the following (in thousands):March 31, 2025December 31, 2024Term loans$453,125 $462,500 Revolving credit facility— 70,000 5.750% Senior notes, due August 2026400,000 400,000 Debt issuance costs(7,274)(7,923)Total debt845,851 924,577 Less: current portion of term loans37,500 37,500 Less: current portion of debt issuance costs(2,555)(2,572)Total long-term debt$810,906 $889,649 Overdraft Facility

In 2019, the Company and ACI Payments, Inc. entered in to an uncommitted overdraft facility with Bank of America, N.A. The overdraft facility bears interest at the federal funds effective rate plus 2.25% based on the Company’s average outstanding balance and the frequency in which overdrafts occur. The overdraft facility acts as a secured loan under the terms of the Credit Agreement to provide an additional funding mechanism for timing differences that can occur in the bill payment settlement process. Amounts outstanding on the overdraft facility are included in other current liabilities in the condensed consolidated balance sheet. As of March 31, 2025 and December 31, 2024, there was $75.0 million available and no amount outstanding on the overdraft facility. 

12

4. Software and Other Intangible Assets

The carrying amount and accumulated amortization of the Company's