Company: THS
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001320695-25-000089
Chunk: 58

Company: TreeHouse Foods, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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 consolidated net leverage ratio of no greater than 4.50 to 1.0, and our debt obligations contain customary representations and events of default. We are in compliance with all applicable debt covenants as of March 31, 2025.

See Note 10 to our Condensed Consolidated Financial Statements for information on our debt obligations.

35

Guarantor Summarized Financial Information

The 2028 Notes issued by TreeHouse Foods, Inc. are fully and unconditionally, as well as jointly and severally, guaranteed by our directly and indirectly owned domestic subsidiaries, which are collectively known as the "Guarantor Subsidiaries." The guarantees of the Guarantor Subsidiaries are subject to release in limited circumstances, only upon the occurrence of certain customary conditions. There are no significant restrictions on the ability of the parent company or any guarantor to obtain funds from its subsidiaries by dividend or loan.

The following tables present summarized financial information of TreeHouse Foods, Inc. and the Guarantor Subsidiaries on a combined basis. The combined summarized financial information eliminates intercompany balances and transactions among TreeHouse Foods, Inc. and the Guarantor Subsidiaries and equity in earnings and investments in any Guarantor Subsidiaries or Non-Guarantor Subsidiaries. The summarized financial information is provided in accordance with the reporting requirements of Rule 13-01 under SEC Regulation S-X for the issuer and Guarantor Subsidiaries.

TreeHouse Foods, Inc. and Guarantor SubsidiariesSummarized Statement of OperationsThree Months Ended March 31, 2025(Unaudited, in millions)Net sales$771.8 Gross profit (1)114.1 Net loss(27.0)

TreeHouse Foods, Inc. and Guarantor SubsidiariesSummarized Balance SheetMarch 31, 2025December 31, 2024(Unaudited, in millions)Current assets$687.0 $926.8 Noncurrent assets2,949.5 2,782.9 Current liabilities606.8 676.5 Noncurrent liabilities (2)1,651.3 1,629.9 

(1)For the three months ended March 31, 2025, TreeHouse Foods, Inc. and Guarantor Subsidiaries recorded $10.9 million of net sales to the Non-Guarantor Subsidiaries and $58.9 million of purchases from the Non