“The increase was primarily due to higher interest expense of $30.8 million from the issuances of the 2030 Notes and the 2031 Notes in April 2025 and November 2025, respectively, and higher interest expense of $5.5 million from the GIB credit facility resulting from higher average borrowings, partially offset by an increase of $8.1 million in interest capitalized on construction in progress related to significant capital asset construction during the three months ended March 31, 2026, as compared to the same period in the prior year.”
“Availability under the ABL Credit Facility is subject to the value of eligible assets in the borrowing base and is reduced by outstanding loan borrowings and issuances of letters of credit which bear customary letter of credit fees.”