SECURE has repaid the entire amount drawn on the $800 million Revolving Credit Facility with proceeds from the Sale Transaction. On February 22, 2024, the Corporation also redeemed the USD 153 million outstanding balance of 11% Senior Second Lien Secured Notes due 2025 at a redemption price of 105.5% of the principal amount of the notes, plus accrued and unpaid interest up to, but excluding, the redemption date. In addition, SECURE intends to redeem the outstanding $340 million aggregate principal amount of 7.25% Senior Unsecured Notes due December 30, 2026 (the "Notes") in the coming weeks.

In accordance with the provisions of the indenture governing the Notes, SECURE may redeem all or any part of the Notes, upon not less than 15 nor more than 60 days' notice, at 103.625% of the principal amount of the Notes, plus accrued and unpaid interest up to, but excluding the redemption date. Redeeming the Notes will alleviate restrictive covenants associated with shareholder returns.