(16)SUBSEQUENT EVENTS

On August 7, 2026, the Company entered into the Eleventh Amendment to its Amended and Restated Credit Agreement, dated as of June 3, 2013, as amended (the “Credit Agreement”), with the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent. The Eleventh Amendment, among other things, reduced the revolving credit facility commitment from $1.0 billion to $975.0 million, increased the SOFR credit margin from 3.00% to 3.25% through September 30, 2026, and from 6.00% to 6.25% thereafter, expanded the collateral and guarantee package (including an increased pledge of foreign subsidiaries’ equity), and imposed certain additional covenants restricting indebtedness, liens, investments, dispositions, acquisitions, and restricted payments. The Eleventh Amendment also provides additional covenant capacity by increasing the maximum permitted net leverage ratio. The covenant modifications are effective from September 30, 2026 through September 30, 2027. During this period, the maximum permitted net leverage ratio increased to 4.25 and subsequently steps down to 3.75 by the quarter ending June 30, 2027. The minimum required interest coverage ratio is reduced to 2.00 for fiscal 2027.

The Company’s actual net leverage ratio of 3.85 as of June 30, 2026 exceeded the 3.75 maximum net leverage ratio then applicable to the quarter under the Tenth Amendment. On July 15, 2026, prior to finalizing its financial statements for the second quarter of fiscal 2026, the Company secured a waiver, for covenant compliance as of June 30, 2026. The Company is also in discussions with its lender group regarding a potential extension of the maturity of the Credit Facility beyond 2027.