1 unchanged sentence
Foreign Currency Risk
−Removed: Our exposure to foreign currency exchange rate fluctuations is primarily the result of foreign subsidiaries and foreign branches primarily domiciled in Canada.
+Added: Our exposure to foreign currency exchange rate fluctuations is primarily the result of foreign branches and foreign subsidiaries primarily domiciled in Canada.
We use financial derivative instruments to hedge foreign currency exchange rate risks associated with our Canadian operations.
−Removed: The assets and liabilities of our foreign subsidiaries and foreign branches, whose functional currencies are primarily Canadian dollars are translated into U.S.
+Added: The assets and liabilities of our foreign branches and foreign subsidiaries, whose functional currencies are primarily Canadian dollars are translated into U.S.
dollars at exchange rates in effect at the balance sheet date.
11 unchanged sentences
The interest rate collars will mature on April 5, 2026, 2027 and 2028.
−Removed: The aggregate fair value of our interest rate collars represented an outstanding net asset of $0.8 million as of December 31, 2024.
+Added: The aggregate fair value of our interest rate collars represented an outstanding net liability of $0.5 million as of December 31, 2025.
Holding other variables constant, a change of one-eighth percentage point in the weighted average interest rate above the floor of 0.75% on the Term Loan Facility and Revolving Credit Facility would have resulted in an increase of $2.0 million in interest expense, net of gains from interest rate collars and caps, for the year ended December 31, 2025.
2 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.