3 unchanged sentences
Outstanding borrowings under our Line of Credit Agreement bear interest at Prime Rate plus .25%.
−Removed: At March 31, 2020, the interest rate on the Line of Credit Agreement was 3.50%.
−Removed: No amounts were outstanding under the Line of Credit Agreement at March 31, 2020.
+Added: At June 30, 2020, the interest rate on the Line of Credit Agreement was 3.50%.
+Added: No amounts were outstanding under the Line of Credit Agreement at June 30, 2020.
+Added: Borrowings under the Paycheck Protection Program that are not forgiven convert to a loan bearing interest at a fixed rate of 1.00% payable in 18 equal monthly installments commencing after the forgiveness period.
Avalon does not undertake any specific actions to cover its exposure to interest rate risk and Avalon is not a party to any interest rate risk management transactions.
1 unchanged sentence
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.