ZBRA · 10-Q · 2026Q4 · Full report

Interest Rate and Refinancing Exposure

ZEBRA TECHNOLOGIES CORP · 2026-11-03 · Importance 46 · Surprise 42

The Company’s Term Loan A and Revolving Credit Facility mature on May 25, 2027; together, they constitute its Credit Facility and are included among its short-term debt obligations as of October 3, 2026. Zebra intends to refinance the Credit Facility in the fourth quarter of 2026. The timing, structure, and terms of a refinancing will depend on the macroeconomic environment and prevailing debt-capital-market conditions. Until refinancing is completed, the Company expects to meet debt service obligations using cash on hand and operating cash flows.

Key facts

• ZEBRA TECHNOLOGIES CORP intended to refinance its Credit Facility in the fourth quarter of 2026; timing, structure, and terms would depend on macroeconomic conditions and debt capital markets at execution. source
• ZEBRA TECHNOLOGIES CORP's Term Loan A and Revolving Credit Facility were scheduled to mature on May 25, 2027. source
• Zebra’s Term Loan A principal is due in quarterly installments, with the next installment due in the fourth quarter of 2026 and the majority due at maturity on May 25, 2027. source
• As of October 3, 2026, Zebra’s Term Loan A interest rate was 5.25%; interest payments are monthly and subject to variable rates plus an applicable margin. source
• As of October 3, 2026, Zebra’s Revolving Credit Facility had an average interest rate of 5.26% and matured on May 25, 2027. source
• As of October 3, 2026, Zebra’s Receivables Financing Facility had an average interest rate of 4.96%; borrowings bear a variable rate plus an applicable margin and interest is paid monthly. source
• Zebra had no active interest rate swap agreements during the nine months ended October 3, 2026, or the year ended December 31, 2025. source