1 unchanged sentence
Interest Rate Risk
−Removed: As of April 30, 2025, the outstanding balance of the Credit Facilities was $39.4 million.
−Removed: On May 1, 2025 in connection with the closing of the BlueHalo acquisition, we entered into the Fourth Amendment of the Credit Facilities.
−Removed: The Fourth Amendment provided a new $700.0 million Term A Loan.
−Removed: The Fourth Amendment also increased the revolving commitment amount to an aggregate principal amount of $350.0 million, and on May 1, 2025, we borrowed approximately $225.0 million from the Revolving Credit Facility.
−Removed: As a result, as of May 1, 2025, the outstanding balance of the Credit Facilities was $955.0 million and bears a variable interest rate.
−Removed: If market interest rates increase significantly, interest due on the Credit Facilities would increase.
−Removed: An increase or decrease in the variable interest rate of 100 basis points would result in an increase or decrease to our interest expense for the fiscal year ending April 30, 2026 of approximately $9.5 million.
+Added: In July 2025, we issued $747.5 million of convertible notes.
+Added: We used the proceeds from the Notes Offering as well as the Common Stock Offering to repay indebtedness under our Term Loan Facility and outstanding borrowings under the Revolving Facility.
+Added: The convertible notes have a zero percent coupon rate.
+Added: The Revolving Facility has no current outstanding balance.
Foreign Currency Exchange Rate Risk
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.