Risk Factors Update Summary
- Potential inability to service debt obligations and earnout liabilities totaling $607.4 million.
- Intense competition may lead to loss of clients, negatively impacting financial condition.
- Dependence on insurance commissions and fees, with fluctuations affecting revenue up to 9.0%.
- Increased debt outstanding of $998.7 million under Term Loan B and $341.0 million on Revolving Facility.
- Risks associated with partnerships, including liabilities assumed or incurred, impacting financial condition.
- Reliance on limited number of vendors for key products or services, affecting business operations.
- Downgrade in credit rating due to increased debt level, impacting financing costs and access.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1781755&owner=exclude
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