EX-99.1 2 d90021dex991.htm EXHIBIT I Exhibit I

Exhibit I

CAPITALIZATION AND INDEBTEDNESS

The following table sets forth our capitalization and indebtedness as of June 30, 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 six months ended June  30, 2025, included in our Report on Form 6-K furnished to the United States Securities and Exchange Commission on August 6, 2025. No adjustments have been made to reflect normal course operations by us or other developments in our business after June 30, 2025. As a result, the information provided below is not indicative of our capitalization as of any date after June 30, 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 June 30, 2025
$ thousands
 

Debt

  

Credit Facilities

     728,450  

Sales and Lease Back Agreements

     1,543,516  

Unsecured Bonds

     292,706  

Total borrowings

     2,564,672  

Total indebtedness

     2,564,672  

Capital

  

Share Capital (58,725,267 common shares issued and outstanding and 1,221,061 Treasury Shares as of June 30, 2025)

     599  

Paid-in Capital

     1,243,388  

Retained earnings

     194,978  

Accumulated other comprehensive loss

     (112

Total Capital

     1,438,853  

Total capitalization and indebtedness

     4,003,525