6 unchanged sentences
From time to time, the Company may borrow under the Revolving Credit Facility and Commercial Paper Programs.
−Removed: In addition to the outstanding borrowings under the Company’s Euro Notes (as discussed in Note 4 of the Notes to Condensed Consolidated Financial Statements), any borrowings under the Euro Commercial Paper Program and Revolving Credit Facility have been and may continue to be denominated in various foreign currencies, including the Euro, and there can be no assurance that the Company can
−Removed: successfully manage changes in exchange rates, including in the event of a significant and sudden decline in the value of any of the foreign currencies in which such borrowings are made.
+Added: In addition to the outstanding borrowings under the Company’s Euro Notes (as discussed in Note 4 of the Notes to Condensed Consolidated Financial Statements), any borrowings under the Euro Commercial Paper Program and Revolving Credit Facility have been and may continue to be denominated in various foreign currencies, including the Euro, and there can be no assurance that the Company can successfully manage changes in exchange rates, including in the event of a significant and sudden decline in the value of any of the foreign currencies in which such borrowings are made.
The Company manages its exposure to interest rate risk through a mix of fixed and variable rate debt.
4 unchanged sentences
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 June 30, 2024 and December 31, 2023, the Company had no borrowings outstanding under the Revolving Credit Facility, U.S.
+Added: As of September 30, 2024 and December 31, 2023, the Company had no borrowings outstanding under the Revolving Credit Facility, U.S.
Commercial Paper Program and Euro Commercial Paper Program.
However, the Company borrowed under the U.S.
−Removed: Commercial Paper Program throughout much of the first six months of 2024, the proceeds of which were used for general corporate purposes, including, but not limited to, partially funding the recent acquisition of the Carlisle Interconnect Technologies (“CIT”) business discussed further in Note 11 of the Notes to Condensed Consolidated Financial Statements.
−Removed: Although all such borrowings were repaid before the end of the second quarter of 2024, the Company may make additional borrowings under any of its debt instruments from time to time.
−Removed: As a result of increases in the federal funds rate by the U.S.
−Removed: Federal Reserve in recent years, the floating interest rates related to our U.S.
−Removed: Commercial Paper Program (as well as our Revolving Credit Facility, to the extent drawn upon in the future) have increased substantially, a trend that could continue through the remainder of 2024 and potentially beyond.
−Removed: To the extent that interest rates related to this floating rate debt increase further and the Company borrows under any of these floating interest rate instruments in the future, interest expense and interest payments would increase.
+Added: Commercial Paper Program throughout much of the first nine months of 2024, the proceeds of which were used for general corporate purposes, including, but not limited to, partially funding the acquisition of the Carlisle Interconnect Technologies (“CIT”) business in May 2024, as discussed further in Note 11 of the Notes to Condensed Consolidated Financial Statements.
+Added: Although all such borrowings were repaid before the end of the third quarter of 2024, the Company may make additional borrowings under any of its debt instruments from time to time.
+Added: Although the federal funds rate has increased in recent years, causing the floating interest rates related to our U.S.
+Added: Commercial Paper Program (as well as our Revolving Credit Facility, to the extent drawn upon in the future) to also increase substantially, the U.S.
+Added: Federal Reserve recently lowered the federal funds rate modestly in September of 2024.
+Added: To the extent that interest rates related to this floating rate debt decrease further and the Company borrows under any of these floating interest rate instruments in the future (and consistent with current year levels), interest expense and interest payments would decrease.
Although the Company does not expect changes in interest rates to have a material effect on income or cash flows for the remainder of 2024, there can be no assurance that interest rates will not change significantly from current levels.
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.