CRL · 10-Q · 2026Q2 · Full report

Interest Rate and Refinancing Exposure

CHARLES RIVER LABORATORIES INTERNATIONAL, INC. · 2026-08-05 · Importance 71 · Surprise 48

Charles River’s debt outstanding increased to $2.62 billion as of June 27, 2026, from $2.12 billion as of December 27, 2025, including $1.12 billion drawn on its revolving facility. The $2.0 billion multi-currency Credit Facility matures in December 2029 and bears rates based on U.S. base rate or SOFR, EURIBOR, or SONIA plus a leverage-based margin. Six-month interest expense was $57.1 million, with lower average revolving-facility rates partly offsetting non-cash accretion expense on deferred Cambodian acquisition consideration.

Key facts

• Interest expense for the six months ended June 27, 2026: $57,082 thousand, a decrease of $0.8 million or 1.3% compared to $57,851 thousand in the prior-year period, primarily due to lower average interest rates on revolving credit facility balances; partially offset by non-cash accretion related to the Cambodian acquisition. source
• Interest expense for the three months ended June 27, 2026: $30.3 million, an increase of $0.4 million or 1.2% versus $30.0 million in the prior-year period, primarily due to non-cash interest expense from accretion of deferred purchase consideration associated with the Cambodian NHP Supplier acquisition; partially offset by lower average interest rates on revolving credit facility balances. source