As part of the Company’s strategic review, on September 12, 2026, the Company and the Purchasers entered into the Purchase Agreement relating to the International Business Transaction. The aggregate net cash proceeds to be realized from the International Business Transaction are expected to be between £225,100 and £228,800, or between approximately $305,000 and $310,000. Upon closing of the International Business Transaction, the Company would use the net proceeds to reduce the Company’s indebtedness.

Consummation of the International Business Transaction is subject to regulatory approvals and the Company and its lenders entering into an amendment of the Company’s Credit Agreement, which currently has a maturity date of December 22, 2026, to extend such maturity date by not less than nine months. If the Credit Agreement amendment is not entered into by October 12, 2026, the Purchasers may terminate the Purchase Agreement.

See Note 1, Description of the Business and Basis of Presentation, under the heading “Strategic Review—International Business Transaction” and Note 18, Restructuring Program, in the Notes to the Consolidated Financial Statements included in Item 8 of this Form 10-K.