1 unchanged sentence
We are exposed to market risk as the result of changes in interest rates.
−Removed: Our senior credit facility with Hayfin requires monthly or quarterly payments of interest based on the adjusted Term SOFR plus the Applicable
−Removed: We currently do not utilize any derivative financial instruments, such as interest rate swaps or caps, to mitigate this risk.
−Removed: As of September 30, 2023, we had $157.7 million outstanding under our senior credit facility that is subject to
−Removed: a variable interest rate.
−Removed: As a result, the effect of a hypothetical, instantaneous and unfavorable change of 100 basis points in the interest rate would have an approximate $1.6 million annualized negative impact on our earnings and cash flows.
+Added: Our senior credit facility with Ares requires quarterly payments of interest based on the adjusted Term SOFR plus the Applicable Margin.
+Added: currently do not utilize any derivative financial instruments, such as interest rate swaps or caps, to mitigate this risk.
+Added: As of March 31, 2024, we had $135.0 million outstanding under our senior credit facility that is subject to variable interest
+Added: As a result, the effect of a hypothetical, instantaneous and unfavorable change of 100 basis points in interest rates would have an approximate $1.4 million annualized negative impact on our earnings and cash flows.
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.