Risk Factors Update Summary
- Revenue from Banco Popular decreased from approximately 39% to 35% in 2023.
- Failure to renew the BPPR ATH Agreements could negatively impact the ATH brand and network.
- The Amended and Restated Master Service Agreement now includes a term ending in 2028.
- The term of the A & R MSA is scheduled to end in 2028, and negotiations for an extension are uncertain.
- The total principal amount of indebtedness decreased from approximately $435 million to $993 million.
- The A & R MSA, A & R ISO Agreement, and A & R BPPR ATH Agreement terms now end in 2028, 2035, and 2030, respectively.
- The completion of the Sinqia Transaction in November 2023 may diversify business and drive synergies.
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=1559865&owner=exclude
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