 Equity intends to use the net proceeds from the offering for general corporate purposes, including repayment of the entire 40.0 million currently drawn under Equitys senior credit facility and for opportunistic growth. From and including June 30, 2025, to, but excluding, the maturity date or early redemption date, the interest rate will reset quarterly to an interest rate per annum equal to the then-current three-month term SOFR provided, that in the event the three-month term SOFR is less than zero, the three-month term SOFR will be deemed to be zero plus 688 basis points, payable quarterly in arrears. 