The Cooper Companies(US:COO)2021-12-09 16:00Debt and Financial Instruments - The company reported total long-term debt of $1,396.3 million as of October 31, 2021, compared to $1,384.2 million in 2020, indicating a slight increase in leverage [540]. - The interest rate on the 2020 Term Loan Facility was 0.96% at October 31, 2021, with $850.0 million outstanding under this facility [540]. - The company had $742.6 million available under the 2020 Revolving Credit Facility as of October 31, 2021 [540]. - The company reported short-term debt of $83.0 million as of October 31, 2021, down from $409.4 million in 2020 [542]. - The company entered into six interest rate swap contracts with a total notional amount of $1.5 billion to hedge exposure to variable rate debt, with $1.0 billion outstanding as of October 31, 2021 [534]. Foreign Currency and Economic Risks - A hypothetical 5% increase or decrease in foreign currency exchange rates would have resulted in a corresponding increase or decrease of approximately $39.6 million in operating income for the fiscal year ended October 31, 2021 [532]. - The company is exposed to foreign currency risk, particularly from British pound sterling, euro, and Japanese yen denominated debt and receivables [532]. - The company has significant risks related to potential adverse changes in global political and economic conditions, including the impact of inflation and trade barriers [14]. Operational Challenges - The company faces risks from the ongoing COVID-19 pandemic, which could adversely affect sales, operations, and supply chain [14]. - The company may face challenges in achieving anticipated benefits from acquisitions due to integration delays or costs [14].