Windstream Parent Inc
For the period ended May 2, 2025. Filed May 2, 2025.
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May 2, 2025 · Filed May 2, 2025
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EX-99.2 · Contractual Obligations and Commitments
Contractual Obligations and Commitments
Set forth below is a summary of our material contractual obligations and commitments as of March 31, 2025:
| Obligations by Period | |||||
|---|---|---|---|---|---|
| (Millions) | Less than 1 Year | 1 - 3 Years | 3 - 5 Years | More than 5 years | Total |
| Long-term debt including current maturities (a) | $— | $— | $— | $2,700.0 | $2,700.0 |
| Interest payments on long-term debt obligations (b) | 227.0 | 456.1 | 456.0 | 433.0 | 1,572.1 |
| Leaseback of real estate contributed to pension plan (c) | 5.8 | 12.1 | 12.7 | 24.7 | 55.3 |
| Finance leases (d) | 1.8 | 7.4 | 7.4 | 41.0 | 57.6 |
| Uniti operating leases | 715.5 | 1,563.5 | 1,579.1 | 66.4 | 3,924.5 |
| Other operating leases (e) | 96.3 | 143.5 | 64.6 | 36.9 | 341.3 |
| Purchase obligations (f) | 339.2 | 208.1 | 72.1 | 131.1 | 750.5 |
| Other long-term liabilities and commitments (g)(h)(i)(j) | 31.5 | 168.6 | 52.9 | 213.2 | 466.2 |
| Total contractual obligations and commitments | $1,417.1 | $2,559.3 | $2,244.8 | $3,646.3 | $9,867.5 |
| (a) | Excludes unamortized net premium of $29.2 million and unamortized debt issuance costs of $56.5 million included in long-term debt as of March 31, 2025. |
|---|---|
| (b) | Variable rates on the 2024 Term Loan were calculated based on Secured Overnight Financing Rate (“SOFR”), which was 4.325 percent as of March 31, 2025. |
| (c) | Represents undiscounted future minimum lease payments related to the leaseback of real estate contributed to the Windstream Pension Plan, which exclude the residual value of the obligations at the end of the initial lease terms. |
| (d) | Finance leases include non-cancellable leases, consisting principally of leases for facilities and equipment. |
| (e) | Other operating leases include non-cancellable leases, consisting principally of leases for network facilities, real estate, office space and office equipment. |
|---|---|
| (f) | Purchase obligations include open purchase orders and amounts payable under non-cancellable contracts. The portion attributable to non-cancellable contracts primarily represents agreements for network capacity and software licensing. |
| (g) | Other long-term liabilities and commitments primarily consist of deferred income tax, pension and other postretirement benefit obligations, long-term deferred revenue, right of way and asset retirement obligations. |
| (h) | Excludes $17.6 million in long-term finance lease obligations included above in finance leases. Also excludes $57.4 million included above in leaseback of real estate contributed to pension plan. |
| (i) | Excludes estimated capital expenditures of approximately $156.0 million that Windstream expects to incur in excess of funding commitments received from governmental agencies to fund the cost of fiber broadband expansion to over 159,000 locations, as previously discussed under “Broadband Grant Awards and Projects”. |
| (j) | Includes $18.5 million and $0.5 million in pension and postretirement benefit obligations and current portion of interest rate swaps, respectively, that was included in other current liabilities at March 31, 2025. |
See Notes 2 and 3 to the condensed consolidated financial statements and Notes 4, 5, 9 and 10 to our 2024 audited consolidated financial statements for additional information regarding certain of the obligations and commitments listed above.
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