FINANCIAL RESULTS
Albanese Cormier Holdings, LLC and Subsidiaries NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Years ended December 31, 2025 and 2024
12. Long - Term Debt, continued
2025
2024
Current
Noncurrent
Current
Noncurrent
Note payable, bearing interest at 4.00% per year, payable in monthly installments of $74,263 (including interest) through April 2036, at which time the remaining balance is due. Note payable to a bank, bearing interest at SOFR plus .85 per year, payable in monthly payments of interest only. Note payable, bearing interest at Index plus 1.80% per year, payable in monthly installments of $27,876 (including interest) through May 2032, at which time the remaining balance is due. This note is collateralized by a 2004 Embraer Aircraft. Note payable, bearing interest at Index plus 1.80% per year, payable in monthly installments of $34,121 (including interest) through May 2032, at which time the remaining balance is due. This note is collateralized by a 2008 Embraer Aircraft. Note payable, bearing interest at 6.0% per year, payable in monthly installments of $96,664(including interest) through April 2029, at which time the remaining balance is due.
599,271
6,913,869
575,753
7,509,596
-
23,000,000
-
-
153,352
905,982
1,241,940
-
187,705
1,108,937
1,520,381
-
976,789
2,519,722
920,044
3,496,511
$ 11,943,500
$ 555,803,781
$18,878,267
$384,282,917
The future aggregate maturities of long-term debt are as follows:
% Total Principal Payments and Maturities
Twelve Months Ending:
Amount
December 31, 2026 December 31, 2027 December 31, 2028 December 31, 2029 December 31, 2030
$ 11,943,500 122,968,179 82,925,349 63,331,878 28,781,718 257,796,657 $567,747,281
2.10% 21.66% 14.61% 11.15% 5.07% 45.41% 100.00%
December 31, 2031 and thereafter
13.
Insurance Programs The Company maintains insurance coverage for casualty and commercial liability claims through commercial property underwriters.
25
93 AlbaneseCormier® | 2025 Annual Report
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