What changed
The new notes will be issued as additional notes under the indenture dated October 6, 2025, which previously issued $400 million of 7.375% senior unsecured notes due 2030. The new notes will be treated as a single class with the existing notes and will be fully and unconditionally guaranteed by the Company. Net proceeds are expected to be used for general corporate purposes, including repaying a portion of borrowings under outstanding repurchase agreements and funding purchases of additional assets.
Why it matters
The new notes will be issued as additional notes under the indenture dated October 6, 2025, which previously issued $400 million of 7.375% senior unsecured notes due 2030. The new notes will be treate