16 unchanged sentences
Securities issued in the 2015-2 Securitization;
−Removed: the CoreSite senior unsecured notes, which were subsequently repaid in full on January 7, 2022;
−Removed: our senior unsecured notes (see note 8 to our consolidated financial statements included in this Annual Report for a detailed description of all such senior unsecured notes);
−Removed: the Kenya Debt;
−Removed: Subsidiary Debt;
+Added: our senior unsecured notes (see note 8 to our consolidated financial statements included in this Annual Report for a detailed description of all such senior unsecured notes), excluding the 3.000% Notes (as defined below);
and other debt including finance leases.
4 unchanged sentences
the 2021 EUR Three Year Delayed Draw Term Loan, which matures on May 28, 2024;
−Removed: the 2021 USD 364-Day Year Delayed Draw Term Loan, which matures on December 28, 2022;
−Removed: and the 2021 USD Two Year Delayed Draw Term Loan, which matures on December 28, 2023.
+Added: the 2021 USD Two Year Delayed Draw Term Loan, which matures on December 28, 2023;
+Added: the 3.000% Notes;
+Added: and other debt including the Nigeria Letters of Credit.
(c) Based on rates effective as of December 31, 2022.
−Removed: (d) As of December 31, 2021, the interest rate swap agreements in the United States were included in Other non-current assets on the consolidated balance sheet.
+Added: (d) As of December 31, 2022, the interest rate swap agreements in the United States were included in Accrued expenses on the consolidated balance sheet.
(e) Represents the weighted average variable rate of interest based on contractual notional amount as a percentage of total notional amounts.
Interest Rate Risk
−Removed: As of December 31, 2021, we had three interest rate swap agreements related to the 2.250% Notes.
−Removed: These swaps were designated as fair value hedges, had an aggregate notional amount of $600.0 million, had an interest rate of one-month LIBOR plus applicable spreads and expired in January 2022.
−Removed: The 2.250% Notes were subsequently repaid in full on January 14, 2022.
−Removed: In addition, we have three interest rate swap agreements related to a portion of our 3.000% senior unsecured notes due 2023 (the “3.000% Notes”).
+Added: As of December 31, 2022, we had three interest rate swap agreements related to a portion of our 3.000% senior unsecured notes due 2023 (the “3.000% Notes”).
These swaps have been designated as fair value hedges, have an aggregate notional amount of $500.0 million, have an interest rate of one-month LIBOR plus applicable spreads and expire in June 2023.
Changes in interest rates can cause interest charges to fluctuate on our variable rate debt.
−Removed: Variable rate debt as of December 31, 2021 consisted of $4.4 billion under the 2021 Multicurrency Credit Facility, $1.4 billion under the 2021 Credit Facility, $1.0 billion under the 2021 Term Loan, $938.2 million under the 2021 EUR Three Year Delayed Draw Term Loan, $3.0 billion under the 2021 USD 364-Day Delayed Draw Term Loan, $1.5 billion under the 2021 USD Two Year Delayed Draw Term Loan, $600.0 million under the interest rate swap agreements related to the 2.250% Notes and $500.0 million under the interest rate swap agreements related to the 3.000% Notes.
+Added: Variable rate debt as of December 31, 2022 consisted of $3.8 billion under the 2021 Multicurrency Credit Facility, $1.1 billion under the 2021 Credit Facility, $1.0
+Added: billion under the 2021 Term Loan, $883.2 million under the 2021 EUR Three Year Delayed Draw Term Loan, $1.5 billion under the 2021 USD Two Year Delayed Draw Term Loan, $500.0 million under the interest rate swap agreements related to the 3.000% Notes and $16.2 million under the Nigeria Letters of Credit.
A 10% increase in current interest rates would result in an additional $42.4 million of interest expense for the year ended December 31, 2022.
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For the year ended December 31, 2022, 43% of our revenues and 52% of our total operating expenses were denominated in foreign currencies.
−Removed: Table of Conten ts
As of December 31, 2022, we have incurred intercompany debt that is not considered to be permanently reinvested, and similar unaffiliated balances that were denominated in a currency other than the functional currency of the subsidiary in which it is recorded.
7 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.