4 unchanged sentences
Interest Rate Risk
−Removed: We are exposed to the risk that our earnings and cash flows could be adversely impacted by fluctuations in interest rates associated with borrowings under our Revolving Credit Agreement and the Equipment Loan, which have variable interest rates tied to SOFR.
−Removed: As of December 31, 2023, we had $29.0 million outstanding variable rate borrowings under the Revolving Credit Agreement and $8.6 million outstanding variable rate borrowings under the Equipment Loan.
+Added: We are exposed to the risk that our earnings and cash flows could be adversely impacted by fluctuations in interest rates associated with borrowings under our Revolving Credit Agreement and the CIBC Equipment Loan, which have variable interest rates tied to SOFR.
+Added: As of December 31, 2024, we had $39.2 million outstanding variable rate borrowings under the Revolving Credit Agreement and $1.8 million outstanding variable rate borrowings under the CIBC Equipment Loan.
A ten percent increase in the average interest rate affecting our variable rate debt outstanding as of December 31, 2024 would increase our annual interest expense by $0.6 million.
6 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.