Risk Factors Update Summary
- The Corporate Credit Facility increased from $400 million to $460 million, with $265 million drawn.
- The SPV Credit Facility unused commitment fees increased from 0.10% to 0.35% per annum.
- The occurrence of a default under credit facilities may lead to accelerated repayment.
- The SPV Credit Facility total commitments remained at $150 million, with none drawn.
- Interest rates changed from LIBOR to Adjusted Term SOFR, impacting borrowing costs.
- Uncertainty exists regarding the maintenance of an active trading market for certain notes.
- The January 2026 Notes carrying amount increased from $139.4 million to $265 million.
- The SPV Credit Facility interest rate increased from 2.50% to 2.85% after March 20, 2027.
- Default under debt agreements could substantially decrease market value and lead to lender actions.
- The August 2028 Notes carrying amount increased from $69.7 million to $69.7 million.
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=17313&owner=exclude
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