20 unchanged sentences
If interest rates at December 31, 2022 had been 1.0% lower, the fair value of those debt instruments on that date would have increased by approximately $68.1 million.
−Removed: Additionally, we consider our $150.0 million, related to Term Loan B and Term Loan C, outstanding as of December 31, 2021 to be fixed rate debt as the rate is effectively fixed by an interest rate swap agreement.
+Added: Additionally, we consider our $100 million Term Loan A, outstanding as of December 31, 2022 to be fixed rate debt as the rate is effectively fixed by an interest rate swap agreement.
+Added: Also, we consider our $150 million debt outstanding as of December 31, 2022, related to Term Loan B and Term Loan C, to be fixed rate debt through November 30, 2022 as the rate was effectively fixed by an interest rate swap agreement until such date, before it became variable rate debt from December 1, 2022 to December 31, 2022.
Variable Interest Rate Debt
Generally, we believe that our primary interest rate risk is due to fluctuations in interest rates on our variable rate debt.
−Removed: At December 31, 2021, we had $250.0 million of variable rate debt outstanding.
+Added: At December 31, 2022, we had $250 million of variable rate debt outstanding, of which $100 million are subject to interest rate swaps as described above.
We have entered into term loans that have interest rates that contain both fixed and variable components.
6 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.