Company: THRM
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023344
Chunk: 54

Company: Gentherm Inc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 16
Chunk 54
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 remained available as of December 31, 2024 for additional borrowings under the Second Amended and Restated Credit Agreement subject to specified conditions that Gentherm currently satisfies.In connection with the Second Amended and Restated Credit Agreement, the Company incurred debt issuance costs of $1,520, which have been capitalized and are amortized into interest expense over the term of the Revolving Credit Facility. In addition, unamortized deferred debt issuance costs of $144 were written off and recognized in interest expense, net during the twelve months ended December 31, 2022. The scheduled principal maturities of our debt as of December 31, 2024 were as follows:

        U.S.RevolvingNote

        Other Debt

        Total

        2025
         
        $
        —

        $
        137

        $
        137

        2026

        —

        64

        64

        2027

        220,000

        —

        220,000

        2028

        —

        —

        —

        2029

        —

        —

        —

        Total
         
        $
        220,000

        $
        201

        $
        220,201

Note 10 — Pension and Other Post Retirement Benefit PlansThe Company maintains a U.S. defined benefit pension plan covering a former Company executive (“U.S. Plan”) and a German defined benefit pension plan covering certain retired executive employees of the Company’s wholly owned subsidiary, Gentherm GmbH (“German Plan”).

 F-26

GENTHERM INCORPORATED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)(In thousands, except share and per share data)  

The components of net periodic benefit cost for the Company’s defined benefit plans for the years ended December 31, 2024, 2023 and 2022 were as follows:

        U.S. Plan

        German Plan

        Year Ended December 31,

        Year Ended December 31,

        2024

        2023

        2022

        2024

        2023

        2022

        Net periodic benefit cost:

        Service cost
         
        $
        —

        $
        —

        $
        —

        $
        —

        $
        —

        $
        —

        Interest cost

        101

        115

        56

        234