Knife River Corp

For the period ended Jun 30, 2024. Filed Aug 6, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 6, 2024

KNF$58.94+4.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

12. Debt

Note 12 -Debt

Certain debt instruments of the Company contain restrictive covenants and cross-default provisions. In order to borrow under the debt agreements, we must be in compliance with the applicable covenants and certain other conditions, all of which the Company, as applicable, was in compliance with at June 30, 2024. In the event we do not comply with the applicable covenants and other conditions, alternative sources of funding may need to be pursued.

Long-term Debt Outstanding Long-term debt outstanding was as follows:

	WeightedAverageInterestRate atJune 30, 2024	June 30, 2024	June 30, 2023	December 31, 2023
(In thousands)
Term loan agreement due on May 31, 2028	7.20%	$268,125	$275,000	$271,562
Revolving credit agreement	—%	—	155,000	—
Senior notes due on May 1, 2031	7.75%	425,000	425,000	425,000
Other notes due on January 1, 2061	—%	358	511	423
Less unamortized debt issuance costs		13,945	16,382	15,326
Total long-term debt		679,538	839,129	681,659
Less current maturities		7,072	7,082	7,082
Net long-term debt		$672,466	$832,047	$674,577

Schedule of Debt Maturities Long-term debt maturities, which excludes unamortized debt issuance costs, at June 30, 2024, were as follows:

	Remainder of2024	2025	2026	2027	2028	Thereafter
(In thousands)
Long-term debt maturities	$3,634	$10,473	$13,750	$17,188	$223,438	$425,000

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.