Company: PRGO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001585364-25-000122
Chunk: 155

Company: PERRIGO Co plc
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 7
Chunk 155
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3)410.2 362.4 6.125%September 30, 2032(3)715.0 715.0 5.300%November 15, 204390.5 90.5 4.900%December 15, 2044303.9 303.9 Total notes and bonds2,269.6 2,221.8 Other financing12.7 13.2 Unamortized premium (discount), net(21.7)(23.1)Deferred financing fees(20.4)(22.9)Total borrowings outstanding3,651.9 3,618.1 Current indebtedness(36.4)(36.4)Total long-term debt less current portion$3,615.5 $3,581.7 (1)    Discussed collectively herein as the "Senior Secured Credit Facilities".(2)     The coupon rate noted above is as of June 28, 2025. This increased from 4.650% to 4.900% on payments starting after June 15, 2024, following a credit rating downgrade by S&P Global Ratings in the first quarter of 2024. Future interest rate adjustments are subject to a 2.0% total cap above the original 3.150% interest rate which would result in an interest rate not to exceed 5.150% based on certain rating events as specified in the Note’s Supplemental Indenture No. 3, dated as of June 19, 2020, among Perrigo Finance Unlimited Company, Perrigo Company plc, the guarantors party thereto and Wells Fargo Bank, National Association, as trustee.(3)    Discussed below collectively as the "2032 Notes".* Debt denominated in euros subject to fluctuations in the euro-to-U.S. dollar exchange rate. Note IssuancesOn September 17, 2024, Perrigo Finance Unlimited Company ("Perrigo Finance"), a public unlimited company incorporated under the laws of Ireland and an indirect wholly-owned finance subsidiary of Perrigo whose primary purpose is to finance the business and operations of Perrigo and its affiliates, issued $715.0 million in aggregate principal amount of 6.125% Senior Notes due 2032 (the "USD Notes due 2032") and €350.0 million in aggregate principal amount of 5.375% Senior Notes due 203