XML 44 R33.htm IDEA: XBRL DOCUMENT v3.25.2
Credit Facilities and Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
Total debt outstanding is summarized as follows (in thousands):
June 30,December 31,
20252024
2024 Credit Agreement (a)
Multi-currency revolver$309,130 $244,171 
   U.S. dollar term loan(b)
193,547 198,287 
   Euro term loan(b)
113,692 102,908 
Other
20,260 16,948 
Total debt$636,629 $562,314 
Current maturities of debt$30,818 $27,117 
Long-term debt605,811 535,197 
Total debt$636,629 $562,314 
(a) Weighted average interest rate, adjusted for the impact of interest rate swap agreements, is 5% and 5.6% at June 30, 2025 and December 31, 2024, respectively. Interest rates primarily consist of Term SOFR for borrowings in U.S. dollars and EURIBOR for borrowings in euros.
(b) Amounts are shown net of unamortized deferred financing costs of $2.2 million at June 30, 2025 and $2.7 million at December 31, 2024, respectively.
2024 Credit Agreement
Outstanding borrowings, net of unamortized deferred financing costs, and letters of credit under the 2024 credit agreement consist of the following (in millions):
June 30, 2025December 31, 2024
Current maturities of debt$25.2 $25.3 
Long-term debt591.2520.1
Total outstanding borrowings$616.4 $545.4 
Letters of credit$2.5 $2.5 
Schedule of Maturities of Long-Term Debt
As of June 30, 2025, maturities of debt, net of unamortized deferred financing costs, through 2038, assuming no prepayments, are as follows (in thousands):

Multi-Currency RevolverU.S. Dollar Term LoanEuro Term LoanOther DebtTotal
Remainder of 2025$— $4,776 $2,811 $5,026 $12,613 
2026— 9,606 5,652 1,182 16,440 
2027— 14,655 8,616 1,299 24,570 
2028— 19,703 11,579 1,208 32,490 
2029309,130 144,807 85,034 1,244 540,215 
Thereafter— — — 10,301 10,301 
Total $309,130 $193,547 $113,692 $20,260 $636,629 
Less: current maturities(10,000)(9,572)(5,633)(5,613)(30,818)
Long-term debt$299,130 $183,975 $108,059 $14,647 $605,811