Credit Agreement

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

Signed Jun 29, 2026

Committed: $250m
Matures: Jun 2031
Agent: BANK OF AMERICA, N.A.

Tranche	Size	Matures	Margin
Term Facility	$250m	Jun 2031	113–200 bps

Priced over Term SOFR, floor 0 bps (Delayed draw term loan).

Level	Condition	Margin	Unused fee
Level 1	< 1.00 to 1.0	113 bps	n/a
Level 2	> 1.00 to 1.0 but < 1.75 to 1.0	125 bps	n/a
Level 3	> 1.75 to 1.0 but < 2.50 to 1.0	150 bps	n/a
Level 4	> 2.50 to 1.0 but < 3.25 to 1.0	175 bps	n/a
Level 5	> 3.25 to 1.0	200 bps	n/a

Lenders: BOFA SECURITIES, INC., JPMORGAN CHASE BANK, N.A., HSBC SECURITIES (USA) INC., PNC CAPITAL MARKETS LLC, WELLS FARGO SECURITIES, LLC

CovenantTestedHeadroomLimit now

Tested quarterly85.7%ratio 0.50x, estimated, vs 3.50x limit in force at Jun 30, 20263.50x

Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Company to be greater than 3.50 to 1.0; provided that, in connection with a Material Acquisition, the Company may elect by written notice to the Administrative Agent that the ratio described above shall be increased to 4.00 to 1.0 ... for four consecutive fiscal quarters commencing with the fiscal quarter in which such Material Acquisition occurred; provided further that, for at least one full fiscal quarter immediately following the last fiscal quarter of each Leverage Increase, the Consolidated Net Leverage Ratio as of the end of such fiscal quarter shall be not greater than 3.50 to 1.0 before another Leverage Increase may occur.

Read the filing on sec.gov ↗

Tested quarterlyHeadroom not yet measured3.00x

Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Company to be less than 3.00 to 1.0.

Read the filing on sec.gov ↗

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