Risk Factors Update Summary
- Increased asset coverage from 174% to 181% for borrowed amounts totaling $445 million.
- The risks associated with force majeure events impacting cash flows, property damage, and operational disruptions.
- A decrease in total outstanding indebtedness from $445 million to $391 million.
- The potential delisting of common stock from Nasdaq due to noncompliance with independent director requirement.
- Change in the maturity dates of various notes, e.g., 6.000% 2023 Notes now mature on October 20, 2025.
- The change in the valuation process for portfolio holdings to manage risks effectively.
- The change in the interest rates of various notes, e.g., 7.875% 2028 Notes now bear interest at 7.875%.
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=1552198&owner=exclude
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