Long-term Debt and Short-term Borrowings (Tables)

3 Months Ended

Mar. 31, 2025

Summary of Notes Payable and Long-Term Debt

Notes payable and long-term debt, listed in order of the priority of security interests in assets of the Company, consisted of the following as of March 31, 2025 and December 31, 2024:


(in millions)	March 31, 2025		December 31, 2024
Euro Senior Secured Term Loan A, due October 2029 (floating interest rate of 4.11% at March 31, 2025 and 4.68% at December 31, 2024)	$	131.4	$	127.9
Euro Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 4.11% at March 31, 2025 and 4.68% at December 31, 2024)		107.2		59.1
U.S. Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 6.09% at March 31, 2025 and 6.47% at December 31, 2024)		68.5		34.4
Australian Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 5.93% at March 31, 2025 and 6.44% at December 31, 2024)		45.7		32.8
Senior Unsecured Notes, due March 2029 (fixed interest rate of 4.25%)		575.0		575.0
Other borrowings		8.7		10.5
Total debt		936.5		839.7
Less:
Current portion		33.9		51.3
Debt issuance costs, unamortized		4.8		5.1
Long-term debt, net	$	897.8	$	783.3

Schedule of Applicable Rate and Undrawn Fee Based on Company's Consolidated Leverage Ratio

The current pricing for borrowings under the Credit Agreement is as follows:


Consolidated Leverage Ratio	Applicable Rate on Euro/AUD/CDN Loans	Applicable Rate on Base Rate Loans	Undrawn Fee
> 4.25	2.25 %	1.25 %	0.375 %
> 3.5	2.00 %	1.00 %	0.350 %
> 2.5	1.75 %	0.75 %	0.300 %
≤ 2.5	1.50 %	0.50 %	0.250 %

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

ACCO BRANDS Corp 10-Q