When the debt outlasts the contract.

Keep the basis in view.

The issuer describes approximately five-year debt maturity and approximately three-year average underlying customer-contract length. The common starting point is schematic: individual contracts do not necessarily start or end together.

The roughly two-year difference compares rounded tenors. It does not quantify uncovered principal, a cash shortfall or a refinancing requirement. Renewal and re-leasing remain subject to agreement criteria; successful renewal is not assumed.