Company: CODI-PB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001345126-25-000015
Chunk: 241

Company: Compass Diversified Holdings
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 241
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(491,168)1,017,876 1,272,849 (425,081)847,768 Trade names, not subject to amortization30,810 — 30,810 30,810 — 30,810 In-process research and development (1)500 — 500 500 — 500 Total intangibles, net$1,540,354 $(491,168)$1,049,186 $1,304,159 $(425,081)$879,078 (1) In-process research and development is considered indefinite lived until the underlying technology becomes viable, at which point the intangible asset will be amortized over the expected useful life. The Company’s amortization expense of intangible assets for the years ended December 31, 2024, 2023 and 2022 totaled $99.8 million, $88.4 million and $77.2 million, respectively.Estimated charges to amortization expense of intangible assets over the next five years, is as follows, (in thousands):2025$97,797 2026$95,605 2027$86,815 2028$84,714 2029$84,592 

Note H – Debt

Financing Arrangements2022 Credit FacilityOn July 12, 2022, the LLC entered into the Third Amended and Restated Credit Agreement (the "2022 Credit Facility") to amend and restate the 2021 Credit Facility. The 2022 Credit Facility provides for revolving loans, swing line loans and letters of credit ("the 2022 Revolving Line of Credit") up to a maximum aggregate amount of $600 million ("the 2022 Revolving Loan Commitment") and a $400 million term loan (the “2022 Term Loan”). The 2022 Term Loan requires quarterly payments ranging from $2.5 million to $7.5 million, commencing September 30, 2022, with a final payment of all remaining principal and interest due on July 12, 2027, which is the 2022 Term Loan’s maturity date. All amounts outstanding under the 2022 Revolving Line of Credit will become due on July 12, 2027, which is the termination date of the 2022 Revolving Loan Commitment. The 2022 Credit Facility also permits the LLC, prior to the applicable maturity date, to increase the