Strong balance sheet and liquidity support growth
Debt maturities (1) $ in millions
$876
Liquidity:
$1.4 billion
Total Debt:
$1.5 billion
$376
Debt/Capital:
26%
Target: Debt/EBITDA < 2.0x Manageable debt maturities Access to additional leverage
$300
$300
$500
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-
-
2025
2026
2027
2028
2029
2030
Agency
Rating
Outlook
S&P
BBB
Stable
Revolver balance (2)
Prepayable Term Loan 2028 Senior Notes
2030 Senior Notes
Moody’s
Baa3
Stable
(1) As of March 31, 2025. (2) As of March 31, 2025; $376 million borrowed under $1.55 billion facility. (3) Ratings as of (latest publication date): S&P (5/19/25), Moody’s (12/16/24), Fitch (10/15/24).
Fitch
BBB
Stable
Balance sheet and liquidity enable growth and strategic flexibility
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