Risk Factors Update Summary
- Cybersecurity risks increased with potential attacks on IT systems, leading to financial loss.
- Financing arrangements now include a $359.0 million term loan for newbuild jackup rigs.
- Increased focus on ESG sustainability practices and reporting, impacting business operations and reputation.
- Climate change regulations may negatively impact operations and competitiveness, affecting financial performance.
- Potential impact of new global corporate minimum tax rate of 15% on companies with revenues over $790 million.
- Compliance with evolving ESG sustainability standards may lead to increased monitoring and reporting costs.
- Increased scrutiny on sustainability practices by stakeholders and regulators, affecting business decisions and 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=314808&owner=exclude
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