4 unchanged sentences
Use of derivatives for speculation purposes is prohibited.
−Removed: There were no material changes in our interest rate risk exposure to that disclosed in our Amended 2022 Annual Report, except as discussed below.
−Removed: During March 2023, we borrowed $600 million under our variable-rate Term Loan A Facility, and we used the proceeds to redeem approximately $600 million of our fixed-rate ADT Notes due 2023.
−Removed: Additionally, during March and April 2023, we entered into floating-to-fixed interest rate swaps with an aggregate notional amount of $300 million to partially hedge the Term Loan A Facility.
+Added: There were no material changes in our interest rate risk exposure to that disclosed in our 2021 Annual Report, except as discussed below.
+Added: As of September 30, 2022, the fair value of our debt was $9.0 billion compared to the carrying value of $9.7 billion.
+Added: A hypothetical 10% change in rates would cause the fair value of our debt to change by approximately $250 million.
+Added: Additionally, as of September 30, 2022, our interest rate swaps had a notional amount of $2.8 billion with a fair value of $194 million compared to a notional amount of $3.2 billion with a fair value of $(118) million as of December 31, 2021.
+Added: A hypothetical 10% change in rates would cause the fair value of our interest rate swaps to change by approximately $30 million.
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.