7 unchanged sentences
At October 31, 2020, we had interest rate swaps with an underlying notional amount of $440.0 million and fixed interest rates of 2.83%, 2.84%, and 2.86%.
−Removed: Based on our average borrowings, interest rates, and interest rate swaps in effect at October 31, 2019 , a 100 basis point increase in LIBOR would decrease our future earnings and cash flows by $4.3 million .
+Added: On May 28, 2020, we amended our Credit Facility to further enhance our financial flexibility as a precautionary measure in response to uncertainty arising from the Pandemic.
+Added: The Amendment changed the interest rate, interest margins, and commitment fees applicable to loans and commitments under the Credit Facility.
+Added: The new interest rate includes an interest rate floor of 0.75% to the Eurocurrency rate on the revolving loans.
+Added: Based on our average borrowings, interest rates, interest rate floor, and interest rate swaps in effect at October 31, 2020, a 100 basis point increase in LIBOR would decrease our future earnings and cash flows by $2.5 million.
For 2019, our market risk exposure related to interest rate fluctuations was $4.3 million.
3 unchanged sentences
We are primarily exposed to the impact of foreign exchange rate risk through our U.K.
−Removed: operations where the functional currency is the Great Britain Pound.
+Added: operations where the functional currency is the GBP.
As we intend to remain permanently invested in these foreign operations, we do not utilize hedging instruments to mitigate foreign currency exchange risks.
1 unchanged sentence
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.