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3/25/22, 9:42 AM road -20210930 Table of Contents For the Fiscal Year Ending September 30, Fair 2022 2023 2024 2025 2026 Thereafter Total Value Debt obligations Term loan $ 10,000 $ 10,000 $ 11,250 $ 15,000 $ 151,250 $ — $ 197,500 $ 197,500 Revolving credit facility — — — — 20,000 — 20,000 20,000 Interest payments (1) 3,358 3,199 3,039 2,824 1,970 — (1) Represents projected interest payments using the Company's October 2021 LIBOR -based floating rate of 1.58%. The notional amount of the Company's outstanding interest rate swap contracts at September 30, 2021 was $198.3 million. The maturity dates of outstanding interest rate swap contracts range from June 2022 to June 2026. The fair value of outstanding interest rate swap contracts was ($0.8) million as of September 30, 2021. See also Note 21 - Fair Value Measurements and Note 22 - Investments in Derivative Instruments to the consolidated financial statements included in this report. Inflation Risk We are subject to the effects of inflation through wage pressures, increases in the cost of raw materials used to produce HMA, and increases in other items, such as fuel, concrete and steel. During the fiscal year ended September 30, 2021, we began to experience an upward trend in several of these inflation -sensitive items. We seek to recover increasing costs by obtaining higher prices for our products or by including the anticipated price increases in our bids. Due to the relatively short-term duration of our construction contracts, we are generally able to reduce our exposure to price increases on new contracts, but we are limited in our ability to pass through increased costs for projects already in our backlog. Going forward, continued cost inflation in these areas may require further price adjustments to maintain profit margin, and any price increases may have a negative effect on demand. 38 https://www.sec.gov/Archives/edgar/data/00017182271000171822721000107/road-20210930.htm 72/144