Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Increased vacant operating properties from five with 0.7 million sq ft to twelve with 3.4 million sq ft.
  • Extended weighted average lease term from 4.1 to 10 years for the portfolio.
  • Increased total outstanding indebtedness from approximately $530.0 million to $471.0 million.
  • Expanded vacant properties from three with 0.3 million sq ft to four with 1.4 million sq ft.
  • Decreased the number of vacant properties from three to four, with an increase in total square footage.
  • Extended the maturity of the Revolving Facility from November 2024 to May 2026.
  • Increased the Revolving Facility amount from $425.0 million to $471.0 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=1873923&owner=exclude

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