Risk Factors Update Summary
- Debt covenant changes: Loan to value ratio increased from 0.70 to 1 to 0.93 to 1.
- New regulations require ships to reduce carbon intensity by 5% starting in 2023.
- Potential credit rating downgrade due to financial institution failures and impacts on debt facilities.
- Global events like armed conflicts may lead to extreme financial market volatility.
- Tax law changes may adversely affect the company's tax liability and effective tax rate.
- Increased focus on port availability due to factors like political instability, armed conflicts.
- Increased cybersecurity threats could disrupt operations and lead to financial damages.
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=1513761&owner=exclude
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