11 unchanged sentences
Interest Rate Risk
−Removed: As of December 31, 2021, we had $449.4 million of outstanding borrowings under a Term Loan Credit Facility.
−Removed: The borrowings carried a floating rate of interest and were due in June 2024.
−Removed: In 2022, we voluntarily prepaid the amounts borrowed and terminated the facility.
−Removed: As of December 31, 2022, we maintain a senior secured asset-based revolving credit facility under which we may borrow up to $155.0 million (less amounts outstanding for letters of credit).
+Added: As of December 31, 2023, we maintain a senior secured asset-based revolving credit facility, which was refinanced in the fourth quarter of 2023, under which we may borrow up to $155.0 million (less amounts outstanding for LCs).
Any cash borrowings under the facility would bear a floating rate of interest.
−Removed: No cash borrowings were outstanding under the facility as of December 31, 2022, or December 31, 2021.
−Removed: As of December 31, 2022, we had $61.9 million letters of credit outstanding under the facility.
−Removed: Refer to Note 14 to our consolidated financial statements for additional information, including discussion on the terms of our long-term debt.
−Removed: As of December 31, 2022 and December 31, 2021, we had investments in trading securities of $151.8 million and $30.9 million respectively.
+Added: No cash borrowings were outstanding under the facilities as of December 31, 2023 or 2022.
+Added: Refer to Note 13 for additional information.
+Added: As of December 31, 2023 and 2022, we had investments in trading securities of $40.6 million and $151.8 million respectively.
While the fair value of these investments is exposed to risk with respect to changes in market rates of interest, we do not believe exposure to changes in interest rates is material to our Consolidated Financial Statements.
1 unchanged sentence
government securities).
−Removed: As of December 31, 2022 and December 31, 2021, the remaining maturities of our acquired debt securities was less than 12 months.
+Added: As of December 31, 2023 and 2022, the remaining maturities of our acquired debt securities was less than 12 months.
Foreign Currency Risk
9 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.