9 unchanged sentences
have a substantial amount of indebtedness.
−Removed: At March 31, 2025, we had approximately $3,300.0 million of debt outstanding.
+Added: At June 30, 2025, we had approximately $3,392.8 million of debt outstanding.
Such debt consisted
6 unchanged sentences
We had $28.8 million and $26.5 million in subordinated renewable
−Removed: notes outstanding at March 31, 2025, and December 31, 2024, respectively.
−Removed: In June 2021, we completed a $50.0 million securitization of
−Removed: residual interests from other previously issued securitizations.
−Removed: In March 2024, we completed another residual interest financing of our
−Removed: residual interests from previously issued securitizations in the amount of $50.0 million.
−Removed: On March 20, 2025, we completed a new residual
−Removed: interest financing of our residual interests from previously issued securitizations in the amount of $65.0 million.
−Removed: As of March 31, 2025,
−Removed: all $165.0 million of the residual interest debt remains outstanding.
+Added: notes outstanding at June 30, 2025, and December 31, 2024, respectively.
+Added: In June 2021, March 2024, and again on March 20, 2025, we completed
+Added: a securitization of residual interests from other previously issued securitizations in the amount of $50 million, $50 million, and $65
+Added: million, respectively.
+Added: As of June 30, 2025, all $155.1 million of the residual interest debt remains outstanding.
Our substantial indebtedness could adversely affect
2 unchanged sentences
· requiring us to dedicate a substantial portion of our cash flow from operations to payments on our indebtedness,
−Removed: thereby reducing amounts available for working capital, capital expenditures and other general corporate purposes;
+Added: thereby reducing the amounts available for working capital, capital expenditures and other general corporate purposes.
· limiting our flexibility in planning for, or reacting to, changes in our business and the industry in
5 unchanged sentences
If we do not generate sufficient operating profits, our ability
−Removed: to make required payments on our debt would be impaired.
+Added: to make the required payments on our debt would be impaired.
Failure to pay our indebtedness when due could have a material adverse effect.
−Removed: Unregistered Sales of Equity Securities
−Removed: and Use of Proceeds
−Removed: During the three months ended March 31, 2025,
−Removed: we did not repurchase any shares from existing shareholders.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.