Company: STGW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000876883-25-000034
Chunk: 153

Company: Stagwell Inc
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 153
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2025, the Company had entered into one operating lease for which the commencement date had not yet occurred because the premises were being prepared for occupancy by the landlords. Accordingly, this lease represents obligations of the Company that was not reflected within the Unaudited Consolidated Balance Sheets as of September 30, 2025. The aggregate future liability related to this lease was $11.3 million as of September 30, 2025.The following table presents minimum future rental payments under the Company’s leases as of September 30, 2025 and their reconciliation to the corresponding lease liabilities: Maturity Analysis(dollars in thousands)2025$14,474 202670,773 202763,036 202854,421 202949,038 Thereafter83,156 Total334,898 Less: Present value discount(50,584)Lease liability$284,314 

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8. DebtThe following tables present the Company’s indebtedness as reported on the Unaudited Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024:September 30, 2025December 31, 2024(dollars in thousands)Credit Agreement$438,326 $264,000 5.625% Notes1,100,000 1,100,000 Debt issuance costs(12,035)(10,376)Total long-term debt$1,526,291 $1,353,624 Interest expense related to long-term debt included in Interest expense, net on the Unaudited Consolidated Statements of Operations for the three and nine months ended September 30, 2025 was $24.8 million and $71.2 million, respectively, and for the three and nine months ended September 30, 2024 was $24.4 million and $67.9 million, respectively.The amortization of debt issuance costs included in Interest expense, net on the Unaudited Consolidated Statements of Operations for the three and nine months ended September 30, 2025 was $0.7 million and $2.1 million, respectively, and for the three and nine months ended September 30, 2024 was $0.7 million and $2.1 million, respectively.Revolving Credit AgreementThe Company is party to a senior secured revolving credit facility with a five-year maturity with a syndicate of banks (the “Credit Agreement”). On April 23, 2025,