1 unchanged sentence
Interest Rate Risk
−Removed: On February 19, 2021, in connection with the consummation of the Arcturus acquisition, we entered into the Credit Facilities, as amended February 4, 2022 and June 6, 2023.
−Removed: As of April 30, 2024, the current outstanding balance of the Credit Facilities is $28.0 million and bears a variable interest rate.
+Added: As of April 30, 2025, the outstanding balance of the Credit Facilities was $39.4 million.
+Added: On May 1, 2025 in connection with the closing of the BlueHalo acquisition, we entered into the Fourth Amendment of the Credit Facilities.
+Added: The Fourth Amendment provided a new $700.0 million Term A Loan.
+Added: 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.
+Added: 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.
If market interest rates increase significantly, interest due on the Credit Facilities would increase.
−Removed: The market interest rate has increased significantly, and if market interest rates continue to increase, interest due on the Credit Facilities would increase.
+Added: 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.
Foreign Currency Exchange Rate Risk
3 unchanged sentences
dollar transactions.
−Removed: With the acquisition of Telerob, which does conduct sales denominated in Euros, we are exposed to future foreign exchange gains or losses, and we will consider methods to limit our exposure on non-U.S.
+Added: As our German subsidiary, Telerob conducts sales denominated in Euros, we are exposed to future foreign exchange gains or losses, and we will consider methods to limit our exposure on non-U.S.
dollar transactions in the future.
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.