Risk Factors Update Summary
- Increase in inflation throughout 2022 and 2023 may lead to rising borrowing costs.
- Failure to repay the outstanding mortgage loan on Fashion Outlets of Niagara Falls property resulted in default.
- Transitioning the property to a receiver could impose more restrictive terms on the loan.
- Conversion of LIBOR settings to SOFR may result in higher interest costs for variable rate debt.
- Increased cyber threats and security breaches pose risks to IT networks and operations.
- Disruptions in global financial markets may make it difficult to access debt financing.
- Loss of key personnel could adversely impact the company's business operations.
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=912242&owner=exclude
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