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 the nine months ended September 30, 2023, we borrowed $650 million under our variable-rate Term Loan A Facility, and we used the proceeds to redeem approximately $650 million of our fixed-rate ADT Notes due 2023.
−Removed: Additionally, during March 2023 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.
−Removed: As of September 30, 2023, we had $3.1 billion notional amount of interest rate swaps used to manage interest rate exposure on our variable-rate debt, including our First Lien Term Loan due 2026, First Lien Term Loan A Facility, and 2020 Receivables Facility.
−Removed: In October 2023, we repaid approximately $1.3 billion of our variable-rate First Lien Term Loan due 2026 and refinanced the remaining outstanding balance with a new First Lien Term Loan due 2030.
−Removed: As a result, we will monitor and manage these financial exposures as an integral part of our overall risk management program.
+Added: There were no material changes in our interest rate risk exposure to that disclosed in our 2023 Annual Report.
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.