14 unchanged sentences
However, interest rate fluctuations may affect the fair value of our fixed rate debt instruments.
−Removed: At June 30, 2021, we had $1.411 billion of fixed rate debt outstanding with an estimated fair value of $1.469 billion.
+Added: At September 30, 2021, we had $1.411 billion of fixed rate debt outstanding with an estimated fair value of $1.461 billion.
The carrying values of our revolving line of credit and term loan are deemed to be at fair value since the outstanding debt is directly tied to monthly LIBOR contracts.
−Removed: If interest rates at June 30, 2021 had been 1.0% higher, the fair value of those debt instruments on that date would have decreased by approximately $78.9 million.
−Removed: If interest rates at June 30, 2021 had been 1.0% lower, the fair value of those debt instruments on that date would have increased by approximately $95.4 million.
−Removed: Additionally, we consider our $150.0 million, related to Term Loan B and Term Loan C, outstanding as of June 30, 2021 to be fixed rate debt as the rate is effectively fixed by an interest rate swap agreement.
+Added: If interest rates at September 30, 2021 had been 1.0% higher, the fair value of those debt instruments on that date would have decreased by approximately $73.9 million.
+Added: If interest rates at September 30, 2021 had been 1.0% lower, the fair value of those debt instruments on that date would have increased by approximately $88.1 million.
+Added: Additionally, we consider our $150.0 million, related to Term Loan B and Term Loan C, outstanding as of September 30, 2021 to be fixed rate debt as the rate is effectively fixed by an interest rate swap agreement.
Variable Interest Rate Debt
−Removed: At June 30, 2021, we had $250.0 million of variable rate debt outstanding.
+Added: At September 30, 2021, we had $250.0 million of variable rate debt outstanding.
We have historically entered into forward starting interest rate swaps in order to economically hedge against the risk of rising interest rates that would affect our interest expense related to our future anticipated debt issuances as part of its overall borrowing program.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.