−Removed: ITEM 3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT
+Added: ITEM 3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
The Company is subject to the risk of fluctuating interest rates in the normal course of business.
4 unchanged sentences
fixed rate of the long-term debt prior to such debt’s maturity.
−Removed: In addition, the Company has interest rate exposure on $60 million of variable rate lines of credit, with two banks, under which the interim bank loans payable at March 31, 2022 were
+Added: In addition, the Company has interest rate exposure on $60 million of variable rate lines of credit, with two banks, under which the interim bank loans payable at June 30, 2022 were
approximately $9.6 million.
An increase in the variable interest rates will result in an increase in the cost of borrowing on these variable rate lines of credit.
−Removed: Also, changes in LIBOR could affect our operating results and liquidity.
+Added: Also, changes in SOFR could affect our operating results and liquidity.
exposed to market risk associated with changes in commodity prices.
2 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.