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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2026-02-11 compared with 2025-02-12 · 1 added, 1 removed, 19 unchanged (10% of the section changed)
12 unchanged sentences
We do not currently, but may in the future, hedge the interest on portions of our borrowings under the Credit Facility from time-to- time in order to manage risks associated with floating interest rates.
−Removed: As of December 31, 2024, we had $484 million of borrowings and no letters of credit outstanding under the New Credit Facility.
+Added: As of December 31, 2025, we had no outstanding borrowings or letters of credit under the Credit Facility.
A 1.0% increase in the Credit Facility interest rate would have resulted in an estimated $5 million increase in interest expense for the year ended December 31, 2025.
5 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.