Senior Note Exchange

On the capital‑market side, Advantage announced early results of its exchange offer and consent solicitation for its 6.50% Senior Secured Notes due 2028. As of the early tender date, more than 99 % of the aggregate principal amount has been tendered, allowing the company to move forward with amendments to the existing indenture. The proposed changes remove affirmative and negative covenants, mandatory offers to purchase, change‑of‑control provisions, and events‑of‑default provisions. Upon settlement of the offer, holders who tendered will receive a combination of new 9.000% Senior Secured Notes due 2030 and cash, with the exchange price varying by tender date. Settlement is scheduled for March 11, 2026. Global Bondholder Services Corporation has been appointed as the exchange and information agent.