14 unchanged sentences
Outstanding amounts under the Credit Agreement bear interest at a rate per annum equal to, at the Company's election:
−Removed: (i) an alternate base rate (ABR) plus an applicable margin or (ii) an adjusted term secured overnight financing rate (SOFR) plus an applicable margin.
−Removed: Alternate base rate is equal to the greatest of Prime, the NYFRB Rate plus 0.50% and Adjusted Term SOFR Rate plus 1.00%.
+Added: (i) an alternate base rate (ABR) plus an applicable margin or (ii) a term secured overnight financing rate (SOFR) plus an applicable margin.
+Added: Alternate base rate is equal to the greatest of Prime, the NYFRB Rate plus 0.50% and Term SOFR Rate plus 1.00%.
The applicable margin spread is 1.25% to 2.50%, as determined by the average excess availability of the aggregate revolving commitment.
7 unchanged sentences
Our business is primarily transacted in U.S.
−Removed: direct international sales transactions are transacted in Euros, British Pounds, Australian Dollars or Canadian Dollars.
+Added: direct international sales are transacted in Euros, British Pounds, Australian Dollars or Canadian Dollars.
Sales to international distributors outside of Europe are under agreements primarily denominated in U.S.
3 unchanged sentences
Products sold by AtriCure Europe, B.V.
−Removed: and its subsidiaries are primarily denominated in Euros or British Pounds.
+Added: and its subsidiaries are denominated in Euros or British Pounds.
European product sales accounted for 11.2% and 10.4% of the Company’s total revenue for 2025 and 2024.
2 unchanged sentences
To a lesser extent, the Company is also exposed to exchange rate fluctuations between the Australian and Canadian Dollars to the U.S.
−Removed: For 2024 and 2023, foreign currency transaction losses of $272 and $101 were recorded primarily in connection with settlements of the intercompany balances and invoices transacted in Euros, British Pounds, Australian Dollars or Canadian Dollars.
+Added: For 2025 and 2024, foreign currency transaction gain of $598 and loss of $272 were recorded primarily in connection with settlements of the intercompany balances and invoices transacted in Euros, British Pounds, Australian Dollars or Canadian Dollars.
For revenue denominated in Euros, if there is an increase in the rate at which Euros are exchanged for U.S.
8 unchanged sentences
Additional variable costs, including pass through costs incurred at clinical trial sites, will be billed to us by the contracted party.
−Removed: Fixed milestone payments are denominated in Canadian Dollars, while variable pass-through fees incurred at clinical trial sites outside the United States may be billed in U.S.
+Added: Fixed milestone payments are denominated in Canadian Dollars, while variable pass-through fees
+Added: incurred at clinical trial sites outside the United States may be billed in U.S.
Dollars or other local currencies.
−Removed: Fluctuations in the conversation rates of the U.S.
+Added: Fluctuations in the conversion rates of the U.S.
Dollar to the Canadian Dollar and local currencies of international trial sites may impact the cash outlay required for future milestone payments and variable pass-through costs under the clinical trial management agreement.
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.