Risk Factors Update Summary
- Engaged in strategic review process, may pose risks. Board exploring alternatives to maximize value.
- Accrued unpaid distributions on Series A Preferred Units increased from $21 million to $33 million.
- Strategic review process may distract management, impact operations, and result in uncertain outcomes.
- Interest rate on 2026 Secured Notes increased by 50 basis points to 9.50%.
- Revisions in regulations to reduce methane emissions could impact operations and financials.
- Potential maturity date change for ABL Facility based on outstanding Senior Notes amount.
- Increased focus on cybersecurity due to remote access and industrial control systems.
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.
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