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HOUSE_OVERSIGHT_024493

House Oversight Committee
insert_drive_file IMAGES-008-HOUSE_OVERSIGHT_024493.txt description DOCUMENT text_fields 99 words · 0.6k chars

7. DISTRIBUTION POLICY

We intend to retain any future earnings to fund working capital, debt service, acquisitions and growth and do not expect to make distributions for the foreseeable future. Any determination to make distributions in the future will be at the discretion of the General Partner and will depend upon our results of operations, financial condition and other factors, as the General Partner, in its discretion, deems relevant. Limitations in the credit facility and indenture of KLC restrict distributions by KLC that could, in turn, be made available for future distributions by KUE to its partners.

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HOUSE_OVERSIGHT_024493