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Item 3 — Quantitative and Qualitative Disclosures About Market Risk
Siteone Landscape Supply, Inc. · 10-Q · Q2 FY2026 · Period ended Jun 28, 2026
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Interest Rate Risk
We are subject to interest rate risk associated with our debt. While changes in interest rates do not affect the fair value of our variable-rate debt, they do affect future earnings and cash flows through higher interest expense. We have, in the past, utilized interest rate swap contracts to reduce our exposure to fluctuations in variable interest rates for future interest payments on existing debt. Upon maturity on March 23, 2025, each of our existing interest rate swap contracts were terminated. All of the borrowings outstanding under our term loans and ABL Credit Agreement are subject to variable interest rates. For additional information, refer to “Note 9. Long-Term Debt” in the notes to the consolidated financial statements and “Part I—Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation “—Liquidity and Capital Resources”.
There have been no material changes from the information provided in our Annual Report on Form 10-K for the 2025 Fiscal Year.