Geopolitical RisksA policy in China was announced that is believed to add incremental risk to the stock, causing shares to trade down as the news spread.
Government PoliciesThe General Office of China’s State Council issued a notice prioritizing government procurement of products manufactured locally, potentially disadvantaging foreign companies.
Interest RatesThe interest rate on the company’s debt will increase from an annual rate of roughly 6% to a rate of roughly 7%, resulting in an additional $20 million to $25 million in annualized interest expense.