ZBRA · 10-Q · 2026Q3 · Full report

Interest Rate and Refinancing Exposure

ZEBRA TECHNOLOGIES CORP · 2026-08-04 · Importance 56 · Surprise 24 · No source text

As of July 4, 2026, Zebra had $2.776 billion of total debt, including $1.531 billion under Term Loan A, and $2.275 billion classified as current debt. Term Loan A bears a variable interest rate and was priced at 4.99%, with most principal due at maturity on May 25, 2027; the Revolving Credit Facility averaged 5.02% and also matures May 25, 2027. The company’s Senior Notes carry a fixed 6.5% rate and mature June 1, 2032, while the Receivables Financing Facility averaged 4.72% and matures March 19, 2027; Zebra was in compliance with all debt covenants as of July 4, 2026.

Key facts

• As of July 4, 2026, our short-term debt obligations primarily consist of our Term Loan A and Revolving Credit Facility, both of which are scheduled to mature on May 25, 2027. source
• We intend to refinance the Credit Facility in the second half of 2026. source
• The Senior Notes have a 6.5% fixed interest rate and mature on June 1, 2032 with interest payable semi-annually in June and December. source
• Revolving Credit Facility average interest rate as of July 4, 2026 was 5.02% and the facility matures on May 25, 2027. source
• Receivables Financing Facility had an average interest rate of 4.72% as of July 4, 2026 and matures on March 19, 2027. source
• As of July 4, 2026, the Term Loan A interest rate was 4.99%. source
• Total Other expense, net decreased primarily due to net losses on long-term investments in the prior year quarter and lower foreign exchange losses in the current quarter, partially offset by higher interest expense associated with higher average debt balances. source
• Total Other expense, net increased year to date primarily due to lower interest income on cash equivalents and higher interest expense associated with higher average debt balances, partially offset by lower foreign exchange losses. source

Impact estimates