Capital Allocation Priorities: Debt reduction is #1 priority; Maintain ample liquidity above $2.0 billion; Continue to extend debt maturities and keep manageable stack; Keep flexible capital structure to navigate all economic environments. Says liquidity at of September 30 is $3.1B. Leverage target is 2.5x; Commitment to utilize 100% of cash flow towards debt repayment. Comments taken from investor presentation slides.
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