| Changes to Preliminary Prospectus Supplement | | At September 30, 2024, on a pro forma basis after giving effect to the application of the net proceeds of this offering as described herein, we would have had approximately $3.7 billion of total indebtedness (excluding $4.5 million in respect of outstanding letters of credit), approximately $226 million of which (excluding $4.5 million in respect of outstanding letters of credit) would be secured indebtedness to which the notes would be effectively junior (to the extent of the value of the collateral securing such indebtedness), and we would have had approximately $670 million of borrowing capacity available under our $900 million senior secured credit facility, subject to compliance with financial covenants, for additional secured borrowings, which would be effectively senior to the notes. In the pro forma column under “Capitalization” at page S-25, the amount of cash and cash equivalents is $13 million, the revolving credit facility is $226 million, the amount of the 2033 Notes offered hereby is $600 million, the amount of total long-term debt is $3.7 billion and the total capitalization is $5.3 billion. Our net proceeds from the offering are approximately $589 million. The Tender Offer has been amended to increase the maximum principal amount of 2027 notes that we may purchase pursuant thereto from $385 million to $575 million. In the event that we purchase less than $575 million in aggregate principal amount of the 2027 notes pursuant to the Tender Offer, we intend to use net proceeds from this offering to redeem 2027 notes, on or around January 15, 2025, in an aggregate principal amount equal to the approximate difference between $575 million and the aggregate principal amount of 2027 notes that we purchase pursuant to the Tender Offer. |
