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: At December 31, 2019, we had $960 million of borrowings and no letters of credit outstanding under the Credit Facility.
+Added: As of December 31, 2020, we had $614 million of borrowings and no letters of credit outstanding under the Credit Facility.
A 1.0% increase in the Credit Facility interest rate would have resulted in an estimated $11 million increase in interest expense for the year ended December 31, 2020.
−Removed: We are dependent on Antero Resources as our primary customer, and we expect to derive a substantial majority of our revenues from Antero Resources for the foreseeable future.
+Added: We are dependent on Antero Resources as our primary customer, and we expect to derive substantially all of our revenues from Antero Resources for the foreseeable future.
As a result, any event, whether in our area of operations or otherwise, that adversely affects Antero Resources’ production, drilling schedule, financial condition, leverage, market reputation, liquidity, results of operations or cash flows may adversely affect our revenues and operating results.
Further, we are subject to the risk of non-payment or non- performance by Antero Resources, including with respect to our gathering and compression and water handling services agreements.
−Removed: We cannot predict the extent to which Antero Resources’ business would be impacted if conditions in the energy industry were to deteriorate, nor can we estimate the impact such conditions would have on Antero Resources’ ability to execute its drilling and development program or to perform under our agreements.
−Removed: Any material non-payment or non-performance by Antero Resources could adversely affect our revenues and operating results.
+Added: We cannot predict the extent to which Antero Resources’ business would be impacted if conditions in the energy industry were to continue to deteriorate, nor can we estimate the impact such conditions would have on Antero Resources’ ability to execute its drilling and development program or to perform under our agreements.
+Added: Any material non-payment or non-performance by Antero Resources could adversely affect our revenues and operating results and our ability to return capital to stockholders.
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.