9 unchanged sentences
dollar borrowings are either the base rate or the adjusted term Secured Overnight Financing Rate (“SOFR”).
−Removed: Similarly, any borrowings under the new two-year, $750.0 unsecured delayed draw term loan credit agreement (the “2022 Term Loan”), which was entered into by the Company in April of 2022, bear interest at rates that fluctuate with a spread that varies, based on the Company’s debt rating, over either the base rate or the adjusted term SOFR.
+Added: Similarly, any borrowings under the new two-year, $750.0 unsecured delayed draw term loan credit agreement (the “2022 Term Loan”) entered into by the Company in April of 2022, bear interest at rates that fluctuate with a spread that varies, based on the Company’s debt rating, over either the base rate or the adjusted term SOFR.
Any borrowings under the Commercial Paper Programs are subject to floating interest rates.
Therefore, when the Company borrows under these debt instruments, the Company is exposed to market risk related to changes in interest rates.
−Removed: As of March 31, 2022, outstanding borrowings under the U.S.
−Removed: Commercial Paper Program were at a weighted average floating interest rate of 0.95%, while there were no outstanding borrowings under the Revolving Credit Facility and Euro Commercial Paper Program.
+Added: As of June 30, 2022, outstanding borrowings under the U.S.
+Added: Commercial Paper Program were at a weighted average floating interest rate of 1.98%, while there were no outstanding borrowings under the Revolving Credit Facility, 2022 Term Loan and Euro Commercial Paper Program.
The Company does not expect changes in interest rates to have a material effect on income or cash flows in 2022, although there can be no assurances that interest rates will not change significantly.
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.