EX-99.I 2 d927923dex99i.htm EXHIBIT I Exhibit I

Exhibit I

CAPITALIZATION AND INDEBTEDNESS

The following table sets forth our capitalization and indebtedness as of March 31, 2025 as determined in accordance with GAAP. You should read this table in conjunction with the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” for the three months ended March 31, 2025, included in our Report on Form 6-K furnished to the United States Securities and Exchange Commission on May 27, 2025. No adjustments have been made to reflect normal course operations by us or other developments in our business after March 31, 2025. As a result, the information provided below is not indicative of our capitalization as of any date after March 31, 2025. Amounts have been rounded to the nearest thousand for presentation purposes and as a result total amounts may not represent arithmetical sums of components.

 

     As of March 31, 2025
$ thousands
 

Debt

  

Credit Facilities

     739,030  

Sales and Lease Back Agreements

     1,566,063  

Unsecured Bonds

     270,768  

Total borrowings

     2,575,861  

Total indebtedness

     2,575,861  

Capital

  

Share Capital (58,717,313 common shares issued and outstanding and 1,221,061 Treasury Shares as of March 31, 2025)

     599  

Paid-in Capital

     1,241,621  

Retained earnings

     174,178  

Accumulated other comprehensive loss

     (1,507

Total Capital

     1,414,891  

Total capitalization and indebtedness

     3,990,752