Risk Factors Update Summary
- Seasonal labor rate increased significantly to recruit employees, impacting operating expenses.
- Senior Secured Leverage Ratio decreased from 4.50x to 3.75x, reducing future debt service obligations.
- Financial covenant now requires testing, potentially causing future debt service obligations to increase.
- Future borrowings may be at variable interest rates, exposing the company to interest rate risk.
- ESG initiatives are a focus for investors, impacting the company's operations and strategies.
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=811532&owner=exclude
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