CREDIT AGREEMENT

When the limit steps, and which way the company's ratio has been moving.

3.96x1.95x-0.05x

Signed Aug 18, 2026

Committed: $1bn
Matures: Aug 2031
Agent: PNC Bank, National Association

Tranche	Size	Matures	Margin
Revolving Credit Facility	$600m	Aug 2031	100–175 bps
Term Loan	$400m	Aug 2031	100–175 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility, Term Loan A).

Level	Condition	Margin	Unused fee
Level I	< 0.75x	100 bps	13 bps
Level II	≥ 0.75x but < 1.50x	113 bps	13 bps
Level III	≥ 1.50x but < 2.25x	125 bps	15 bps
Level IV	≥ 2.25x but < 3.00x	150 bps	20 bps
Level V	≥ 3.00x	175 bps	25 bps

Lenders: PNC Capital Markets LLC, Bank of America, N.A., JPMorgan Chase Bank, N.A., TD Bank, N.A.

CovenantTestedHeadroomLimit now

Tested quarterly80.0%ratio 0.70x, estimated, vs 3.50x limit in force at Mar 31, 20263.50x

The Borrower will not permit the Total Net Leverage Ratio, determined for the four consecutive fiscal quarter period ending on the last day of each fiscal quarter, to be greater than 3.50:1.00.

Read the filing on sec.gov ↗

Tested quarterly640.3%ratio 22.21x, estimated, vs 3.00x limit in force at Mar 31, 20263.00x

The Borrower will not permit the Interest Coverage Ratio, determined for the four consecutive fiscal quarter period ending on the last day of each fiscal quarter, to be less than 3.00 to 1.00.

Read the filing on sec.gov ↗

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