1 unchanged sentence
Interest Rate Risk
−Removed: Our exposure to risk based on changes in interest rates during the nine-month period ended September 30, 2024 relates primarily to the Revolving Credit Facility.
+Added: Our exposure to risk based on changes in interest rates during the three-month period ended March 31, 2025 relates primarily to the Revolving Credit Facility.
The Revolving Credit Facility bears interest at floating rates.
1 unchanged sentence
Accordingly, we may be exposed to interest rate risk on borrowings under the Credit Agreement.
−Removed: Based on current borrowing levels at September 30, 2024, a 25-basis point fluctuation in interest rates for the nine months ended September 30, 2024 would have resulted in an increase or decrease to our interest expense of approximately $0.5 million.
−Removed: See “Note 12.
−Removed: Derivative and Hedging Instruments” to the Consolidated Financial Statements included in Item 8 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 for a discussion relating to credit and market, commodity price and interest rate risk management.
+Added: Based on current borrowing levels at March 31, 2025, a 25-basis point fluctuation in interest rates for the three months ended March 31, 2025 would have resulted in an increase or decrease to our interest expense of approximately $0.5 million.
+Added: Summary of Significant Accounting Policies” to the Consolidated Financial Statements included in Item 8 of our 2024 Form 10-K for a discussion relating to credit and market, commodity price and interest rate risk management.
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.